South Korea · Delayed Price · Currency is KRW SK IE Technology Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 delivered strong revenue and operating profit growth, led by lubricants and batteries, despite geopolitical risks. Major restructuring and cost-saving initiatives improved profitability, while ESS and LNG projects support future growth.
Fiscal Year 2024
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Q4 2024 saw revenue growth but a deeper operating loss due to inventory write-downs and low utilization. A major supply deal and ongoing customer diversification are expected to drive 70%-100% volume growth in 2025, with profitability improvements anticipated as AI and cost controls take effect.
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Q3 2024 saw a sharp revenue and profit decline due to weak demand and low utilization, with an operating loss of KRW 73 billion. Inventory remains high but is expected to normalize by early 2025, and significant volume growth is anticipated next year, especially from North America.