SAMSUNG
ELECTRONICS
Earnings Presentation:
3Q 2025 Financial Results
SAMSUNG ELECTRONICS
Earnings Presentation: 3Q 2025 Financial Results
The financial information in this document are consolidated earnings results based on K-IFRS.
This document is provided for the convenience of investors only before the external review on our 3Q 2025 financial results is completed.
The Audit outcomes may cause some parts of this document to change.
This document contains "forward-looking statements" - that is statements related to future not past events.
In this context "forward-looking statements" often address our expected future business and financial performance
and often contain words such as "expects" "anticipates" "intends" "plans" "believes" "seeks" or "will".
"Forward-looking statements" by their nature address matters that are to different degrees uncertain.
For us particular uncertainties which could adversely or positively affect our future results include:
· The behavior of financial markets including fluctuations in exchange rates interest rates and commodity prices
· Strategic actions including dispositions and acquisitions · Unanticipated dramatic developments
in our major businesses including DX (Digital eXperience) DS (Device Solutions)
· Numerous other matters at the national and international levels which could affect our future results
These uncertainties may cause our actual results to be materially different from those expressed in this document.
Disclaimer
Disclaimer
The financial information in this document are consolidated earnings results based on K-IFRS.
This document is provided for the convenience of investors only before the external review on our 3Q 2025 financial results is completed. The Audit outcomes may cause some parts of this document to change.
This document contains "forward-looking statements" - that is statements related to future not past events. In this context "forward-looking statements" often address our expected future business and financial performance and often contain words such as "expects" "anticipates" "intends" "plans" "believes" "seeks" or "will". "Forward-looking statements" by their nature address matters that are to different degrees uncertain. For us particular uncertainties which could adversely or positively affect our future results include:
· The behavior of financial markets including fluctuations in exchange rates interest rates and commodity prices · Strategic actions including dispositions and acquisitions · Unanticipated dramatic developments in our major businesses including DX (Digital eXperience) DS (Device Solutions) · Numerous other matters at the national and international levels which could affect our future results
These uncertainties may cause our actual results to be materially different from those expressed in this document.
PRESENTERS
3Q 2025 FINANCIAL
RESULTS
APPENDICES
Index
PERFORMANCE
BY BUSINESS SEGMENT
Index
| PRESENTERS | 3Q 2025 FINANCIAL RESULTS | PERFORMANCE BY BUSINESS SEGMENT | APPENDICES |
Earnings Presentation
Device eXperienceDevice Solutions
Jaejune Kim,
EVP
Memory
Hyeokman
Kwon,
VP
System LSI
Sukchae
Kang,
EVP
Foundry
Joonyoung
Park,
EVP
Samsung Display
Corp
Daniel Araujo,
VP
Mobile eXperience
Mark Kim,
VP
Visual Display
Daniel Oh,
EVP
Investor Relations
Sooncheol
Park,
EVP
Presenters
Moderator
Chief Financial Officer
Earnings Presentation
Presenters
| Sooncheol Park, EVP | Jaejune Kim, EVP | Hyeokman Kwon, VP | Sukchae Kang, EVP | Joonyoung Park, EVP | Daniel Araujo, VP | Mark Kim, VP | Daniel Oh, EVP |
| Chief Financial Officer | Memory | System LSI | Foundry | Samsung Display Corp | Mobile eXperience | Visual Display | Investor Relations |
Device Solutions: Jaejune Kim (Memory), Hyeokman Kwon (System LSI), Sukchae Kang (Foundry)
Device eXperience: Joonyoung Park (Samsung Display Corp), Daniel Araujo (Mobile eXperience), Mark Kim (Visual Display)
Moderator: Daniel Oh, EVP, Investor Relations
3Q 2025 Highlights
Based on consolidated financial statements
Revenue
KRW86.1T
Gross Profit
KRW33.5T
Operating Profit
KRW12.2T
3Q24 2Q25 3Q25
79.1
86.1
74.6
30.0
25.5
33.5
9.2
4.7
12.2
3Q24 2Q25 3Q25
3Q24 2Q25 3Q25
~
~
~
~
~
~
3Q 2025 Highlights
Based on consolidated financial statements
Revenue: KRW86.1T | Gross Profit: KRW33.5T | Operating Profit: KRW12.2T
| Metric | 3Q24 | 2Q25 | 3Q25 |
|---|---|---|---|
| Revenue (KRW T) | 79.1 | 74.6 | 86.1 |
| Gross Profit (KRW T) | 30.0 | 25.5 | 33.5 |
| Operating Profit (KRW T) | 9.2 | 4.7 | 12.2 |
Key profitability indicators
3Q 2025 Results & Financial Data
Based on consolidated financial statements
Sales and operating profit growth
79.1
74.6
86.1 T
9.2
4.7
12.2 T
3Q 2024 2Q 2025 3Q 2025
Sales
Operating
profit
9% YoY
KRW
trillion
3Q24
% of sales
2Q25
% of sales
3Q25
% of sales
Sales
79.1
100.0%
74.6
100.0%
86.1
100.0%
Cost
of sales
49.1
62.1%
49.1
65.8%
52.6
61.1%
Gross
profit
30.0
37.9%
25.5
34.2%
33.5
38.9%
SG&A
expenses
20.8
26.3%
20.8
27.9%
21.3
24.8%
R&D
expenses
8.9
11.2%
9.0
12.1%
8.8
10.3%
Operating
profit
9.2
11.6%
4.7
6.3%
12.2
14.1%
Other non
-operating
income/expenses
0.2
-
0.02
-
(0.1)
-
Equity method gain/loss
0.2
-
0.2
-
0.3
-
Finance income/expenses
0.8
-
0.9
-
1.2
-
Profit
before income tax
10.3
13.0%
5.8
7.7%
13.5
15.7%
Income tax
0.2
-
0.6
-
1.3
-
Net
profit
10.1
12.8%
5.1
6.9%
12.2
14.2%
Profit
attributable to owners
of the parent
9.8
12.4%
4.9
6.6%
12.0
14.0%
Earnings per share (KRW)
1,440
737
1,802
3Q24 2Q25 3Q25
ROE
11%
5%
12%
Profitability (net profit/sales)
0.13
0.07
0.14
Asset
turnover (sales/asset)
0.67
0.59
0.66
Leverage
(asset/equity)
1.26
1.27
1.27
EBITDA
margin
25%
20%
27%
~
~
3Q 2025 Results & Financial Data
Based on consolidated financial statements
| KRW trillion | 3Q24 | % of sales | 2Q25 | % of sales | 3Q25 | % of sales |
|---|---|---|---|---|---|---|
| Sales | 79.1 | 100.0% | 74.6 | 100.0% | 86.1 | 100.0% |
| Cost of sales | 49.1 | 62.1% | 49.1 | 65.8% | 52.6 | 61.1% |
| Gross profit | 30.0 | 37.9% | 25.5 | 34.2% | 33.5 | 38.9% |
| SG&A expenses | 20.8 | 26.3% | 20.8 | 27.9% | 21.3 | 24.8% |
| R&D expenses | 8.9 | 11.2% | 9.0 | 12.1% | 8.8 | 10.3% |
| Operating profit | 9.2 | 11.6% | 4.7 | 6.3% | 12.2 | 14.1% |
| Other non-operating income/expenses | 0.2 | - | 0.02 | - | (0.1) | - |
| Equity method gain/loss | 0.2 | - | 0.2 | - | 0.3 | - |
| Finance income/expenses | 0.8 | - | 0.9 | - | 1.2 | - |
| Profit before income tax | 10.3 | 13.0% | 5.8 | 7.7% | 13.5 | 15.7% |
| Income tax | 0.2 | - | 0.6 | - | 1.3 | - |
| Net profit | 10.1 | 12.8% | 5.1 | 6.9% | 12.2 | 14.2% |
| Profit attributable to owners of the parent | 9.8 | 12.4% | 4.9 | 6.6% | 12.0 | 14.0% |
| Earnings per share (KRW) | 1,440 | 737 | 1,802 |
Sales and operating profit growth
Key profitability indicators
| 3Q24 | 2Q25 | 3Q25 | |
|---|---|---|---|
| ROE | 11% | 5% | 12% |
| Profitability (net profit/sales) | 0.13 | 0.07 | 0.14 |
| Asset turnover (sales/asset) | 0.67 | 0.59 | 0.66 |
| Leverage (asset/equity) | 1.26 | 1.27 | 1.27 |
| EBITDA margin | 25% | 20% | 27% |
KRW trillion
3Q24 2Q25 3Q25 QoQ YoY
Total
9.2
4.7
12.2
7.5↑
3.0↑
DX
3.4
3.3
3.5
0.1↑
0.1↑
MX / NW
2.8
3.1
3.6
0.5↑
0.7↑
VD / DA
0.5
0.2
(0.1)
0.3↓
0.6↓
DS
3.9
0.4
7.0
6.6↑
3.1↑
SDC
1.5
0.5
1.2
0.8↑
0.3↓
Harman
0.4
0.5
0.4
0.1↓
0.1↑
KRW
trillion
3Q24 2Q25 3Q25 QoQ YoY
Total
79.1
74.6
86.1
15%↑
9%↑
DX
45.0
43.6
48.4
11%↑
8%↑
MX / NW
30.5
29.2
34.1
17%↑
12%↑
MX
30.0
28.5
33.5
18%↑
12%↑
VD / DA
14.1
14.1
13.9
1%↓
1%↓
VD
7.6
7.0
7.3
4%↑
4%↓
DS
29.3
27.9
33.1
19%↑
13%↑
Memory
22.3
21.2
26.7
26%↑
20%↑
SDC
8.0
6.4
8.1
27%↑
1%↑
Harman
3.5
3.8
4.0
3%↑
12%↑
Results by Business Segment
Operating profitSales
※ Sales and operating profit of each business stated above reflect the organizational structure as of December 2021 and
the sales of business units include intersegment sales.
※ The DX Division provides earnings call materials based on the business structure before the reorganization to prevent confusion and
to improve understanding among investors.
※ DX: Device eXperience MX: Mobile eXperience DS: Device Solutions
※ Sales and operating profit of VD/DA include the results of Health & Medical Equipment business.
※ Harman’s sales and operating profit figures are based on Samsung Electronics’ fiscal year and acquisition related expenses are reflected.
Results by Business Segment
Sales
| KRW trillion | 3Q24 | 2Q25 | 3Q25 | QoQ | YoY |
|---|---|---|---|---|---|
| Total | 79.1 | 74.6 | 86.1 | 15%↑ | 9%↑ |
| DX | 45.0 | 43.6 | 48.4 | 11%↑ | 8%↑ |
| MX / NW | 30.5 | 29.2 | 34.1 | 17%↑ | 12%↑ |
| MX | 30.0 | 28.5 | 33.5 | 18%↑ | 12%↑ |
| VD / DA | 14.1 | 14.1 | 13.9 | 1%↓ | 1%↓ |
| VD | 7.6 | 7.0 | 7.3 | 4%↑ | 4%↓ |
| DS | 29.3 | 27.9 | 33.1 | 19%↑ | 13%↑ |
| Memory | 22.3 | 21.2 | 26.7 | 26%↑ | 20%↑ |
| SDC | 8.0 | 6.4 | 8.1 | 27%↑ | 1%↑ |
| Harman | 3.5 | 3.8 | 4.0 | 3%↑ | 12%↑ |
Operating profit
| KRW trillion | 3Q24 | 2Q25 | 3Q25 | QoQ | YoY |
|---|---|---|---|---|---|
| Total | 9.2 | 4.7 | 12.2 | 7.5↑ | 3.0↑ |
| DX | 3.4 | 3.3 | 3.5 | 0.1↑ | 0.1↑ |
| MX / NW | 2.8 | 3.1 | 3.6 | 0.5↑ | 0.7↑ |
| VD / DA | 0.5 | 0.2 | (0.1) | 0.3↓ | 0.6↓ |
| DS | 3.9 | 0.4 | 7.0 | 6.6↑ | 3.1↑ |
| SDC | 1.5 | 0.5 | 1.2 | 0.8↑ | 0.3↓ |
| Harman | 0.4 | 0.5 | 0.4 | 0.1↓ | 0.1↑ |
※ Sales and operating profit of each business stated above reflect the organizational structure as of December 2021 and the sales of business units include intersegment sales. ※ The DX Division provides earnings call materials based on the business structure before the reorganization to prevent confusion and to improve understanding among investors. ※ DX: Device eXperience MX: Mobile eXperience DS: Device Solutions ※ Sales and operating profit of VD/DA include the results of Health & Medical Equipment business. ※ Harman's sales and operating profit figures are based on Samsung Electronics' fiscal year and acquisition related expenses are reflected.
Memory
DS results
KRW trillion
29.3
27.9
33.1
22.3
21.2
26.7
3.9
0.4
7.0
3Q24 2Q25 3Q25
Sales
Sales (Memory)
Operating Profit
~
~
Strategic Focus on HBM
• Prioritize the expansion of HBM4 business with differentiated performance to address increasing AI demand
• Aim to broaden HBM sales base to strengthen position in HBM market
Concentrate on High-Value-Added Product Sales
• Seek to expand AI-related product sales with DDR5, LPDDR5x, high-density QLC SSD, etc.
4Q 2025 Outlook
3Q 2025 Results
2026 Outlook
Actively Respond to AI/Conventional Server Demand
• Cater to market needs with HBM3E, high-density eSSD, and other leading-edge products
Expand Sales of High-Value-Added Server Memory
• Utilize diverse high-performance products, such as industry-leading 128GB↑ DDR5, 24Gb GDDR7, etc.
Achieved Record-High Quarterly Revenue
• Sequentially expanded HBM3E sales in line with strong AI demand
• Proactively addressed strong demand across all applications
Significantly Improved Profit
• Enhanced profitability amid market price increase
• Sequential profit increase partially attributable to reduced one-time inventory value adjustments
Memory
DS results
KRW trillion
| 3Q24 | 2Q25 | 3Q25 | |
|---|---|---|---|
| DS Sales (KRW T) | 29.3 | 27.9 | 33.1 |
| Memory Sales (KRW T) | 22.3 | 21.2 | 26.7 |
| Operating Profit (KRW T) | 3.9 | 0.4 | 7.0 |
3Q 2025 Results
Achieved Record-High Quarterly Revenue
- Sequentially expanded HBM3E sales in line with strong AI demand
- Proactively addressed strong demand across all applications
Significantly Improved Profit
- Enhanced profitability amid market price increase
- Sequential profit increase partially attributable to reduced one-time inventory value adjustments
4Q 2025 Outlook
Actively Respond to AI/Conventional Server Demand
- Cater to market needs with HBM3E, high-density eSSD, and other leading-edge products
Expand Sales of High-Value-Added Server Memory
- Utilize diverse high-performance products, such as industry-leading 128GB↑ DDR5, 24Gb GDDR7, etc.
2026 Outlook
Strategic Focus on HBM
- Prioritize the expansion of HBM4 business with differentiated performance to address increasing AI demand
- Aim to broaden HBM sales base to strengthen position in HBM market
Concentrate on High-Value-Added Product Sales
- Seek to expand AI-related product sales with DDR5, LPDDR5x, high-density QLC SSD, etc.
S.LSI / Foundry
DS results
KRW trillion
Non-Memory
sales
Non-Memory
sales
29.3
27.9
33.1
3Q24 2Q25 3Q25
Sales Sales (non-Memory)
~
~
S.LSI
• Maintained stable supply of premium SoCs
• Earnings stalled due to seasonality and customer inventory adjustments
Foundry
• Achieved record-high customer orders mainly on advanced nodes
• Started mass production of GAA 1
st
Gen. 2nm process
• Earnings improved substantially as one-off costs subsided and fab utilization improved
S.LSI
• Address ongoing weak demand from key customers by focusing on expanding sales of premium SoCs and image sensors
Foundry
• Aim for further earnings improvement through ramp-up of 2nm mass production, higher utilization, and cost optimization
S.LSI
• Strengthen Exynos competitiveness for key flagship models to secure market leadership
• Expand market presence by leveraging differentiated image sensor technologies
Foundry
• Focus on mass production of GAA 2
nd
Gen. 2nm process, the performance- and power- optimized 4nm, and HBM4 base-die
• Ensure timely initial operation of the Taylor Fab in the U.S.
4Q 2025 Outlook
3Q 2025 Results
2026 Outlook
S.LSI / Foundry
DS results
KRW trillion
| 3Q24 | 2Q25 | 3Q25 | |
|---|---|---|---|
| DS Sales (KRW T) | 29.3 | 27.9 | 33.1 |
3Q 2025 Results
S.LSI
- Maintained stable supply of premium SoCs
- Earnings stalled due to seasonality and customer inventory adjustments
Foundry
- Achieved record-high customer orders mainly on advanced nodes
- Started mass production of GAA 1st Gen. 2nm process
- Earnings improved substantially as one-off costs subsided and fab utilization improved
4Q 2025 Outlook
S.LSI
- Address ongoing weak demand from key customers by focusing on expanding sales of premium SoCs and image sensors
Foundry
- Aim for further earnings improvement through ramp-up of 2nm mass production, higher utilization, and cost optimization
2026 Outlook
S.LSI
- Strengthen Exynos competitiveness for key flagship models to secure market leadership
- Expand market presence by leveraging differentiated image sensor technologies
Foundry
- Focus on mass production of GAA 2nd Gen. 2nm process, the performance- and power- optimized 4nm, and HBM4 base-die
- Ensure timely initial operation of the Taylor Fab in the U.S.
SDC results
KRW trillion
SDC (Samsung Display Corporation)
8.0
6.4
8.1
1.5
0.5
1.2
3Q24 2Q25 3Q25
Sales
Operating Profit
~
~
Small & Medium
• Achieved improved performance driven by robust demand for flagship smartphones
• Enhanced results through proactive response to new product demand from key customers
Large
• Recorded increased unit sales, supported by the expanding demand for gaming monitors
Small & Medium
• Anticipate continued sales growth as solid demand for new smartphones persists
• Project increased sales of non-smartphone products in response to evolving market needs
Large
• Aim to drive sales through the full-scale launch of products adopting QD-OLED monitor lineup
Small & Medium
• Expand the smartphone technology gap by leveraging differentiated technologies optimized for AI devices and
enhanced foldable product excellence
• Accelerate OLED expansion with competitive products through the new 8.6G IT production line
Large
• TVs: Sustain premium leadership based on superior performance
• Monitors: Reinforce market position of QD-OLED through lineup expansion and customer base diversification
4Q 2025 Outlook
3Q 2025 Results
2026 Outlook
SDC (Samsung Display Corporation)
SDC results
KRW trillion
| 3Q24 | 2Q25 | 3Q25 | |
|---|---|---|---|
| Sales (KRW T) | 8.0 | 6.4 | 8.1 |
| Operating Profit (KRW T) | 1.5 | 0.5 | 1.2 |
3Q 2025 Results
Small & Medium
- Achieved improved performance driven by robust demand for flagship smartphones
- Enhanced results through proactive response to new product demand from key customers
Large
- Recorded increased unit sales, supported by the expanding demand for gaming monitors
4Q 2025 Outlook
Small & Medium
- Anticipate continued sales growth as solid demand for new smartphones persists
- Project increased sales of non-smartphone products in response to evolving market needs
Large
- Aim to drive sales through the full-scale launch of products adopting QD-OLED monitor lineup
2026 Outlook
Small & Medium
- Expand the smartphone technology gap by leveraging differentiated technologies optimized for AI devices and enhanced foldable product excellence
- Accelerate OLED expansion with competitive products through the new 8.6G IT production line
Large
- TVs: Sustain premium leadership based on superior performance
- Monitors: Reinforce market position of QD-OLED through lineup expansion and customer base diversification
MX / NW results
KRW trillion
MX
sales
MX / NW
30.5
29.2
34.1
2.8
3.1
3.6
3Q24 2Q25 3Q25
Sales
Sales (MX)
Operating Profit
~
~
MX
• Aim for year-over-year growth by leveraging seasonal promotions of AI smartphones, including S25 and foldables
• Strengthen ecosystem device sales, focusing on new premium models
NW
• Anticipate sequential and year-over-year improvements through expanded sales in key markets, such as North America
MX
• Achieved sequential and year-over-year growth in sales and operating profit, driven by the successful launch of Fold 7
• Maintained strong flagship smartphone sales momentum while improving the sales of tablets and wearables
NW
• Experienced decline in North America and domestic sales, impacting sequential performance
• Demonstrated year-over-year improvement, supported by the base effect
MX
• Reinforce AI leadership through innovative form factor designs and next generation AI experiences
• Expand AI smartphone sales to drive growth across all market segments and solidify volume leadership
• Maintain cost efficiency by optimizing processes amid uncertainties and increasing material costs
NW
• Drive growth through equipment demand boosted by domestic spectrum auction
• Expect stable sales performance in major oversea customers
4Q 2025 Outlook
3Q 2025 Results
2026 Outlook
MX / NW
MX / NW results
KRW trillion
| 3Q24 | 2Q25 | 3Q25 | |
|---|---|---|---|
| MX/NW Sales (KRW T) | 30.5 | 29.2 | 34.1 |
| Operating Profit (KRW T) | 2.8 | 3.1 | 3.6 |
3Q 2025 Results
MX
- Achieved sequential and year-over-year growth in sales and operating profit, driven by the successful launch of Fold 7
- Maintained strong flagship smartphone sales momentum while improving the sales of tablets and wearables
NW
- Experienced decline in North America and domestic sales, impacting sequential performance
- Demonstrated year-over-year improvement, supported by the base effect
4Q 2025 Outlook
MX
- Aim for year-over-year growth by leveraging seasonal promotions of AI smartphones, including S25 and foldables
- Strengthen ecosystem device sales, focusing on new premium models
NW
- Anticipate sequential and year-over-year improvements through expanded sales in key markets, such as North America
2026 Outlook
MX
- Reinforce AI leadership through innovative form factor designs and next generation AI experiences
- Expand AI smartphone sales to drive growth across all market segments and solidify volume leadership
- Maintain cost efficiency by optimizing processes amid uncertainties and increasing material costs
NW
- Drive growth through equipment demand boosted by domestic spectrum auction
- Expect stable sales performance in major oversea customers
VD/DA results
KRW trillion
Harman results
KRW trillion
VD / DA / Harman
VD
• Experienced decline in earnings due to heightened market competition, despite solid sales of premium products
DA
• Earnings decreased amid seasonally low air conditioner (AC) demand and the impact of U.S. tariffs
Harman
• Achieved revenue growth driven by increased sales in both consumer audio and automotive segments
VD
• Reinforce premium market leadership through innovative products like Micro RGB
• Drive revenue growth by expanding sales in low-end to mid-range segments
DA
• Expand sales by enhancing AI features and strengthening competitiveness in high-volume segments
• Optimize business structure by shifting towards high-value-added areas, such as HVAC
Harman
• Sustain growth in the automotive business by diversifying customer base
• Solidify audio market leadership by leveraging newly acquired brands to enhance market presence
4Q 2025 Outlook
3Q 2025 Results
2026 Outlook
VD
• Drive revenue recovery by proactively capturing seasonal demand through enhanced sales programs focused on
premium and large-screen TVs
DA
• Aim for YoY sales growth by prioritizing premium product expansion amid market uncertainties, including tariffs
Harman
• Target YoY sales growth by boosting audio sales during peak season and diversifying brand portfolio
14.1
14.1
13.9
7.6
7.0
7.3
0.5
0.2
(0.1)
3Q24 2Q25 3Q25
Sales Sales (VD) Operating Profit
~
~
3.5
3.8
4.0
0.4
0.5
0.4
3Q24 2Q25 3Q25
Sales Operating Profit
~
~
VD / DA / Harman
VD/DA results
KRW trillion
| 3Q24 | 2Q25 | 3Q25 | |
|---|---|---|---|
| VD/DA Sales (KRW T) | 14.1 | 14.1 | 13.9 |
| VD Sales (KRW T) | 7.6 | 7.0 | 7.3 |
| Operating Profit (KRW T) | 0.5 | 0.2 | (0.1) |
Harman results
KRW trillion
| 3Q24 | 2Q25 | 3Q25 | |
|---|---|---|---|
| Harman Sales (KRW T) | 3.5 | 3.8 | 4.0 |
| Operating Profit (KRW T) | 0.4 | 0.5 | 0.4 |
3Q 2025 Results
VD
- Experienced decline in earnings due to heightened market competition, despite solid sales of premium products
DA
- Earnings decreased amid seasonally low air conditioner (AC) demand and the impact of U.S. tariffs
Harman
- Achieved revenue growth driven by increased sales in both consumer audio and automotive segments
4Q 2025 Outlook
VD
- Drive revenue recovery by proactively capturing seasonal demand through enhanced sales programs focused on premium and large-screen TVs
DA
- Aim for YoY sales growth by prioritizing premium product expansion amid market uncertainties, including tariffs
Harman
- Target YoY sales growth by boosting audio sales during peak season and diversifying brand portfolio
2026 Outlook
VD
- Reinforce premium market leadership through innovative products like Micro RGB
- Drive revenue growth by expanding sales in low-end to mid-range segments
DA
- Expand sales by enhancing AI features and strengthening competitiveness in high-volume segments
- Optimize business structure by shifting towards high-value-added areas, such as HVAC
Harman
- Sustain growth in the automotive business by diversifying customer base
- Solidify audio market leadership by leveraging newly acquired brands to enhance market presence
Appendix 1: Financial Position (Summary)
KRW billion
30.Sep.24
30.Jun.25
30.Sep.25
Assets
491,307.3
504,875.2
523,659.6
Cash ※
103,776.5
100,728.2
108,463.8
A/R
44,692.0
43,550.5
50,538.8
Inventories
53,356.8
51,037.4
50,332.4
Investments
31,914.6
33,240.3
38,345.3
PP&E
195,028.8
205,025.6
204,861.1
Intangible assets
23,077.5
25,997.7
26,469.1
Other assets
39,461.1
45,295.5
44,649.1
Total assets
491,307.3
504,875.2
523,659.6
Liabilities
105,025.9
105,313.2
110,158.1
Debts
16,931.9
14,029.7
16,672.3
Trade accounts and N/P
12,861.8
12,675.8
14,417.4
Other accounts and N/P & accrued expenses
44,485.7
42,922.0
43,313.5
Current income tax liabilities
4,882.4
7,643.1
6,189.6
Unearned revenue & other advances
2,595.4
2,620.2
2,953.8
Other liabilities
23,268.7
25,422.4
26,611.5
Shareholder equity
386,281.4
399,562.0
413,501.5
Capital stock
897.5
897.5
897.5
Total liability & Shareholder equity
491,307.3
504,875.2
523,659.6
30.Sep.24 30.Jun.25 30.Sep.25
Current ratio
※
252%
251%
263%
Liability/equity
27%
26%
27%
Debt/equity
4%
4%
4%
Net debt/equity
(22%)
(22%)
(22%)
※ Cash = Cash and Cash equivalents Short-term financial instruments Short-term financial assets at amortized cost etc.
※ Current ratio = current assets/current liabilities
Appendix 1: Financial Position (Summary)
| KRW billion | 30.Sep.24 | 30.Jun.25 | 30.Sep.25 |
|---|---|---|---|
| Assets | 491,307.3 | 504,875.2 | 523,659.6 |
| Cash ※ | 103,776.5 | 100,728.2 | 108,463.8 |
| A/R | 44,692.0 | 43,550.5 | 50,538.8 |
| Inventories | 53,356.8 | 51,037.4 | 50,332.4 |
| Investments | 31,914.6 | 33,240.3 | 38,345.3 |
| PP&E | 195,028.8 | 205,025.6 | 204,861.1 |
| Intangible assets | 23,077.5 | 25,997.7 | 26,469.1 |
| Other assets | 39,461.1 | 45,295.5 | 44,649.1 |
| Total assets | 491,307.3 | 504,875.2 | 523,659.6 |
| Liabilities | 105,025.9 | 105,313.2 | 110,158.1 |
| Debts | 16,931.9 | 14,029.7 | 16,672.3 |
| Trade accounts and N/P | 12,861.8 | 12,675.8 | 14,417.4 |
| Other accounts and N/P & accrued expenses | 44,485.7 | 42,922.0 | 43,313.5 |
| Current income tax liabilities | 4,882.4 | 7,643.1 | 6,189.6 |
| Unearned revenue & other advances | 2,595.4 | 2,620.2 | 2,953.8 |
| Other liabilities | 23,268.7 | 25,422.4 | 26,611.5 |
| Shareholder equity | 386,281.4 | 399,562.0 | 413,501.5 |
| Capital stock | 897.5 | 897.5 | 897.5 |
| Total liability & Shareholder equity | 491,307.3 | 504,875.2 | 523,659.6 |
| 30.Sep.24 | 30.Jun.25 | 30.Sep.25 | |
|---|---|---|---|
| Current ratio ※ | 252% | 251% | 263% |
| Liability/equity | 27% | 26% | 27% |
| Debt/equity | 4% | 4% | 4% |
| Net debt/equity | (22%) | (22%) | (22%) |
※ Cash = Cash and Cash equivalents Short-term financial instruments Short-term financial assets at amortized cost etc. ※ Current ratio = current assets/current liabilities
Appendix 2: Cash Flow (Summary)
KRW trillion
30.Sep.24 30.Jun.25 30.Sep.25
Net Cash
86.84
86.70
91.79
KRW trillion
3Q24 2Q25 3Q25
Cash
(beginning of period)
※
100.80
105.13
100.73
Cash flows from operating activities
22.20
17.31
22.62
Net profit
10.10
5.12
12.23
Depreciation
10.31
10.56
10.96
Cash flows from investing activities
(14.30)
(13.35)
(13.04)
Purchase of PP&E
(10.96)
(13.04)
(10.81)
Cash flows from financing activities
(2.18)
(3.41)
(4.19)
Increase in debts
0.28
2.82
2.15
Acquisition of treasury stock
-
(1.32)
(3.87)
Payment of dividends
(2.45)
(4.90)
(2.46)
Increase in cash
2.98
(4.41)
7.74
Cash (end of period)
※
103.78
100.73
108.46
※ Cash = Cash and cash equivalents short-term financial instruments short-term financial assets at amortized cost etc.
※ Cash = Cash and cash equivalents short-term financial instruments short-term financial assets at amortized cost etc.
Current State of Net Cash (Net Cash = Cash
※
- Debts)
Appendix 2: Cash Flow (Summary)
| KRW trillion | 3Q24 | 2Q25 | 3Q25 |
|---|---|---|---|
| Cash (beginning of period) ※ | 100.80 | 105.13 | 100.73 |
| Cash flows from operating activities | 22.20 | 17.31 | 22.62 |
| Net profit | 10.10 | 5.12 | 12.23 |
| Depreciation | 10.31 | 10.56 | 10.96 |
| Cash flows from investing activities | (14.30) | (13.35) | (13.04) |
| Purchase of PP&E | (10.96) | (13.04) | (10.81) |
| Cash flows from financing activities | (2.18) | (3.41) | (4.19) |
| Increase in debts | 0.28 | 2.82 | 2.15 |
| Acquisition of treasury stock | - | (1.32) | (3.87) |
| Payment of dividends | (2.45) | (4.90) | (2.46) |
| Increase in cash | 2.98 | (4.41) | 7.74 |
| Cash (end of period) ※ | 103.78 | 100.73 | 108.46 |
※ Cash = Cash and cash equivalents short-term financial instruments short-term financial assets at amortized cost etc.
Current State of Net Cash (Net Cash = Cash ※ - Debts)
| KRW trillion | 30.Sep.24 | 30.Jun.25 | 30.Sep.25 |
|---|---|---|---|
| Net Cash | 86.84 | 86.70 | 91.79 |
※ Cash = Cash and cash equivalents short-term financial instruments short-term financial assets at amortized cost etc.
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