1. Platinum T&A H1 2025 Performance: What Happened?

Platinum T&A reported KRW 73.5 billion in revenue for the first half of 2025, a 51.9% decline compared to the same period last year. Declining sales of core product lines, such as the DC/RDVR combo, were identified as the primary cause. However, the company showed improved profitability with a 23.5% increase in operating profit (standalone basis) to KRW 2.6 billion.

2. Analyzing the Performance Shift: Why These Results?

The sales decline is attributed to external factors such as the overall economic slowdown, decreased customer orders, and intensified competition. The improved operating profit, on the other hand, stems from cost reduction efforts and improved profitability of core product lines. Cost of goods sold increased by 11.4%, but gross profit increased by 4.9% due to increased sales prices.

3. Evaluating the Positives and Negatives: Interpreting the Results

  • Positives:
    • Improved profitability and stronger financial health
    • Continued R&D investment in future growth drivers like AI-based ADAS and DMS
  • Negatives:
    • Sharp sales decline and challenging external environment (rising exchange rates, oil prices, and logistics costs)
    • Economic slowdown and increased competition

4. Action Plan for Investors: What’s Next?

Despite short-term challenges, Platinum T&A holds long-term growth potential. Investors should consider the following:

  • Sales recovery and securing new growth drivers
  • Tangible results from R&D investments
  • Trends in exchange rates and raw material prices

Continuous monitoring and strategic investment planning are crucial.