Foosung (093370) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 was ₩231.3 billion, up 4.91% year-over-year, driven by increased demand and higher prices in refrigerants and overseas chemical equipment sales.

• Operating profit reached ₩14.7 billion, a turnaround from a ₩9.6 billion loss in H1 2024.

• Net loss attributable to controlling interests was ₩20.0 billion, narrowing from a ₩83.4 billion loss in H1 2024.

Financial highlights

• Gross margin improved to 40.9% from 36.7% year-over-year.

• Operating margin was 6.3% versus -2.2% in H1 2024.

• Basic EPS was -₩184, compared to -₩668 in H1 2024.

• Cash and equivalents at period-end: ₩40.9 billion.

Outlook and guidance

• The company is investing in capacity expansion for LiPF6 and semiconductor specialty gases to meet global demand.

• Focus remains on strengthening global market share in battery materials and specialty gases.