Hyundai Rotem (064350) Q1 2025 earnings summary

Executive summary

• Q1 2025 sales reached 11,761 hundred million KRW, up 57% year-over-year from Q1 2024.

• Operating profit surged 354% to 2,029 hundred million KRW compared to Q1 2024.

• EBIT increased 273% year-over-year to 2,026 hundred million KRW.

• New orders more than doubled, rising 111% to 33,037 hundred million KRW.

• Backlog grew 14% year-over-year to 211,187 hundred million KRW.

Financial highlights

• Net income for Q1 2025 was 1,571 hundred million KRW, up from 556 hundred million KRW in Q1 2024.

• Gross profit rose to 2,861 hundred million KRW from 1,047 hundred million KRW year-over-year.

• Cash and cash equivalents increased to 4,912 hundred million KRW at Q1 2025 end.

• Debt-to-equity ratio improved to 144% from 163% at Q1 2024.

Outlook and guidance

• Forward-looking statements indicate expectations of continued growth, but actual results may differ due to uncertainties.