Samsung SDS (018260) Q3 2025 earnings summary

Executive summary

• 3Q25 revenue was 3,391 billion KRW, down 5.0% year-over-year and 3.4% sequentially.

• Net income rose 8.2% year-over-year and 14.2% sequentially to 201 billion KRW.

• Operating profit increased 0.9% sequentially but declined 8.1% year-over-year to 232 billion KRW.

Financial highlights

• Gross margin was 14.7%, up 0.2 percentage points year-over-year.

• Operating margin was 6.8%, down 0.3 percentage points year-over-year.

• EBITDA for 3Q25 was 388 billion KRW, with an EBITDA margin of 11.4%.

• ROE stood at 8.2% for 3Q25.

• EPS for the quarter was 2,523 KRW.

Outlook and guidance

• Cloud and SaaS implementation projects are expanding, especially in public and manufacturing sectors.

• Logistics faces continued pressure from weak ocean freight rates and lower Chinese exports.