Techwing (089030) Q3 2025 earnings summary

Executive summary

• Revenue for 2025 Q3 was 125,247 million KRW, down from 185,507 million KRW in 2024 Q3, reflecting a significant year-over-year decline.

• Operating income for 2025 Q3 was 15,256 million KRW, compared to 23,411 million KRW in 2024 Q3.

• Net income for 2025 Q3 was 13,449 million KRW, a turnaround from a net loss of 21,970 million KRW in 2024 Q3.

• The company remains a leading supplier of semiconductor test handlers and related equipment, with a diversified global customer base.

Financial highlights

• Gross margin for 2025 Q3 was 40.6%, up from 39.2% in 2024 Q3.

• Basic EPS for 2025 Q3 was 564 KRW, compared to -584 KRW in 2024 Q3.

• Cash and cash equivalents at quarter-end were 17,008 million KRW, down from 25,483 million KRW at the end of 2024.

• Total assets increased to 551,449 million KRW from 506,221 million KRW at the end of 2024.

• Total liabilities rose to 354,476 million KRW from 317,917 million KRW at the end of 2024.

Outlook and guidance

• The company expects continued demand for semiconductor test equipment, driven by AI, IoT, and 5G trends.

• Ongoing investments in R&D and facility expansion are aimed at supporting future growth, especially in HBM and advanced memory testing.