Doosan Robotics (A454910) Q4 2025 earnings summary

Executive summary

• Sales declined 30% year-over-year in 2025 due to weakened demand and US tariff-related market uncertainty.

• Operating losses widened from higher R&D personnel expenses and one-off ONExia acquisition costs.

• Cobot EOL segment in Americas grew sales 25% year-over-year, with strong order backlog supporting 2026 growth.

Financial highlights

• 2025 consolidated sales: KRW 32,978 million, down 29.6% year-over-year.

• 2025 operating loss: KRW -59,472 million; EBITDA: KRW -52,249 million; net income: KRW -55,495 million.

• Net debt improved to KRW -197,138 million by end-2025.

• Liability/Equity ratio increased to 14.6% at year-end 2025.

• Total assets decreased by KRW 22,321 million year-over-year to KRW 399,370 million.

Outlook and guidance

• 2026 business plan focuses on ONExia merger to expand North American and global solution sales.

• Solution sales mix targeted to reach 46% in 2026, driven by new AI solutions and expanded coverage.

• Continued inorganic growth and technology investment to strengthen leadership in Physical AI.