SK IE Technology (A361610) Q2 2025 earnings summary

Executive summary

• Achieved significant sales and operating profit growth in 2Q25, driven by higher sales to North American and European customers and expansion in small ESS applications.

• Operating profit and EBITDA margins improved substantially year-over-year and quarter-over-quarter.

• Finalized sale of Cheongju capacity and announced plans for further asset sales.

Financial highlights

• Sales reached KRW 82.8 billion in 2Q25, up 24.6 billion QoQ and 21.2 billion YoY.

• Gross profit was KRW 42.2 billion, up 17.4 billion QoQ and 4.8 billion YoY.

• Operating profit rose to KRW 69.6 billion, up 15.8 billion QoQ and 5.0 billion YoY.

• Net profit for 2Q25 was KRW 21.6 billion, up 2.5 billion QoQ but down 28.9 billion YoY.

• EBITDA margin increased to 56% in 2Q25 from 22% in 2Q24.

Outlook and guidance

• On track to meet 2025 sales target despite downstream industry uncertainties.

• Plans to expand customer base in high-growth ESS market and develop diversified products.

• Early 2026 launch planned for Poland Phase 2 operations; North America expansion under review.