SK IE Technology (A361610) Q3 2025 earnings summary

Executive summary

• Revenue for 3Q25 was KRW 79.0B, down from KRW 82.8B in 2Q25 but up 28.2% year-over-year from 3Q24.

• Operating profit declined to KRW 47.2B from KRW 53.8B sequentially, but improved by KRW 25.8B year-over-year.

• Net profit rose to KRW 40.0B, up KRW 20.9B from the previous quarter and KRW 4.0B higher than 3Q24.

• Cost-saving initiatives and order expansion for new applications, including ESS, contributed to improved operating loss despite revenue decline.

Financial highlights

• Gross profit for 3Q25 was KRW 24.7B, nearly flat sequentially but up KRW 19.4B year-over-year.

• Gross profit margin improved to 31% from 30% in 2Q25 and 87% in 3Q24.

• EBITDA for 3Q25 was KRW 11.8B, down from KRW 17.9B in 2Q25 and KRW 33.6B in 3Q24.

• SG&A expenses decreased by KRW 6.5B sequentially.

Outlook and guidance

• Ongoing efforts to improve costs and expand orders for new applications amid downstream market uncertainties.

• Targeting supply for next-generation EV battery projects and semi-solid state batteries in 2026.