Huneed Technologies (A005870) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was ₩35.2 billion, with 83.9% from domestic defense and 16.1% from overseas business.

• Operating loss of ₩3.6 billion and net loss of ₩4.4 billion in Q1 2025, reversing prior year profits.

• Major contracts include TICN PBL with Hanwha Systems and F-15EX avionics supply to Boeing.

• Significant management changes: new CEO and board members appointed in March 2025.

Financial highlights

• Q1 2025 revenue: ₩35.2 billion (down from ₩230.8 billion in FY2024).

• Operating loss: ₩3.6 billion; net loss: ₩4.4 billion; EPS: -₩338.

• Cash and equivalents: ₩11.3 billion, down from ₩33.2 billion at 2024 year-end.

• Equity: ₩167.4 billion; total assets: ₩218.9 billion.

Outlook and guidance

• Focus on expanding defense R&D and overseas partnerships, especially in UAV and avionics.

• No new business lines or M&A planned; emphasis on existing contracts and export growth.