S&D Co (260970) Q4 2025 earnings summary

Executive summary

• Achieved record sales of 150.9 billion KRW and net income of 20.6 billion KRW in 2025, marking continued growth despite economic uncertainties.

• Maintained a robust financial structure with a 17.1% increase in total assets and a debt ratio of 26.3%.

• No consolidated subsidiaries or changes in major shareholders; business focused on functional food ingredients.

Financial highlights

• Revenue rose to 150.9 billion KRW, up 30% year-over-year; operating income reached 23.0 billion KRW.

• Net income increased to 20.6 billion KRW from 17.0 billion KRW in 2024.

• Gross margin improved to 21.6% from 24.2% in 2024.

• Cash and cash equivalents at year-end were 26.5 billion KRW, up from 21.9 billion KRW.

• Basic EPS was 7,124 KRW, up from 5,256 KRW.

Outlook and guidance

• Plans to maintain stable dividends and pursue business diversification, but no specific new business initiatives underway.

• No significant changes expected in core business; focus remains on functional and health food ingredients.