LX Semicon (108320) Q1 2025 earnings summary

Executive summary

• 1Q25 revenue reached KRW 4,762 hundred million, up 4% year-over-year but down 5.3% sequentially from 4Q24.

• Net profit for 1Q25 was KRW 454 hundred million, a 13% increase year-over-year and a 118% rise sequentially.

• Gross margin improved to 34.1% in 1Q25 from 33.1% in 4Q24, while operating margin rose to 12.5% from 8.2% sequentially.

Financial highlights

• EBITDA for 1Q25 was KRW 689 hundred million, up from KRW 398 hundred million in 4Q24.

• Cash and cash equivalents increased to KRW 5,063 hundred million, up 27% from 4Q24.

• Total assets grew 6.1% quarter-over-quarter to KRW 15,917 hundred million.

• Total liabilities rose 20.3% sequentially, with the liabilities-to-equity ratio increasing to 46.6%.

Outlook and guidance

• Forward-looking statements indicate results may differ due to market and operational uncertainties.