What Happened? – Manho Steel’s Q2 2025 Earnings Release

Manho Steel announced its Q2 2025 earnings on September 18, 2025. The company reported sales of KRW 39.5 billion, an operating loss of KRW 0.6 billion, and a net profit of KRW 0.2 billion, marking a return to profitability.

Earnings Analysis: Why These Results?

  • Sales Recovery: Sales increased by 6.47% compared to the previous quarter, reaching KRW 39.5 billion. This is a positive sign despite the global economic slowdown.
  • Narrowing Operating Loss: Cost efficiency efforts significantly reduced the operating loss compared to the previous quarter.
  • Return to Profitability: Increased financial income and decreased financial expenses contributed to the net profit.
  • Deviation from Market Expectations: While sales exceeded expectations, operating profit fell short.

What’s Next? – Action Plan for Investors

  • Short-term Perspective: Closely monitor market reactions and prepare for increased volatility.
  • Mid-to-Long-term Perspective: Confirm whether the fundamental improvement trend continues, and manage risks related to exchange rate and raw material price fluctuations.

Manho Steel’s Future – Securing Growth Drivers

In addition to the stable growth of its core businesses, such as wire ropes, special steel wires, and fiber ropes, Manho Steel needs to secure sustainable growth drivers by exploring new businesses and developing high-value-added products.