Sanil Electric (A062040) Q3 2025 earnings summary

Executive summary

• Achieved all-time high quarterly revenue of 132.7 billion KRW in Q3 2025, up 66.5% year-over-year and 3.5% sequentially.

• Operating profit reached 42.7 billion KRW, up 53.6% year-over-year but down 7.9% sequentially due to a one-off bad debt expense.

• Adjusted EBITDA was 50.7 billion KRW, up 83.8% year-over-year and 8.6% sequentially, reflecting strong underlying profitability.

• Net income for Q3 2025 was 36.9 billion KRW, up 61.3% year-over-year.

Financial highlights

• Revenue: 132.7 billion KRW (YoY +66.5%, QoQ +3.5%).

• Operating profit: 42.7 billion KRW (YoY +53.6%, QoQ -7.9%).

• Adjusted EBITDA: 50.7 billion KRW (YoY +83.8%, QoQ +8.6%).

• Net income: 36.9 billion KRW (YoY +61.3%, QoQ -2.6%).

• Order backlog: 414.3 billion KRW, up 21.4% year-over-year.

Outlook and guidance

• Expectation for resumed power grid deliveries as tariff cost-sharing negotiations conclude.

• Continued strong demand in renewables and data center sectors anticipated.