Soulbrain (357780) Q4 2025 earnings summary

Executive summary

• Revenue increased 7% year-over-year to ₩923.4 billion, driven by strong semiconductor segment performance, despite global economic uncertainty and industry headwinds.

• Operating income declined 20.4% year-over-year to ₩133.6 billion, and net income attributable to owners fell 33.2% to ₩79.1 billion, reflecting margin pressure and higher costs.

• The company maintained a robust financial structure with a debt ratio of 30% and equity ratio of 77% on a consolidated basis.

Financial highlights

• Consolidated assets rose 23.8% year-over-year to ₩1,446.8 billion, with equity up 7.2% to ₩1,111.6 billion.

• Semiconductor segment contributed 83% of sales (₩767.0 billion), display 7% (₩64.7 billion), and secondary battery materials 10% (₩91.7 billion).

• Gross margin was 25.2%, and ROE was 8% (down from 12% prior year).

• Basic EPS was ₩10,285, down 32.8% year-over-year.

• Cash and equivalents at year-end were ₩247.7 billion.

Outlook and guidance

• Management expects continued global economic uncertainty in 2026 but aims to improve performance through R&D and innovation.

• Focus remains on strengthening market position in semiconductors, displays, and battery materials, with ongoing investment in new technologies.