Soulbrain (357780) Q2 2025 earnings summary

Executive summary

• Reviewed consolidated interim financial statements for the six months ended June 30, 2025, and 2024, with no material misstatements found under Korean IFRS 1034.

• Major business includes manufacturing and sales of semiconductor and FPD chemical materials, and battery electrolytes, with expanded business through acquisition.

Financial highlights

• Total assets increased to ₩1,341.6B as of June 30, 2025, from ₩1,168.2B at December 31, 2024.

• Revenue for H1 2025 was ₩438.3B, up from ₩427.0B year-over-year.

• Net income attributable to controlling interests for H1 2025 was ₩45.6B, compared to ₩90.2B in H1 2024.

• Operating income for H1 2025 was ₩56.2B, up from ₩45.8B in H1 2024.

• Cash and cash equivalents at period-end were ₩180.5B, down from ₩241.6B at the previous year-end.

Outlook and guidance

• Business expansion expected from the acquisition of Sun Fluoro System Co., Ltd., broadening the product and market base.

• No significant impact anticipated from recent accounting standard changes; ongoing review of future standard impacts.