1. Camu ENC Q2 2025 Earnings: What Happened?

Camu ENC reported revenue of KRW 61.6 billion, operating profit of KRW 8.4 billion, and net profit of KRW 5.5 billion in Q2 2025, achieving a year-on-year turnaround. The consistent growth of its PC business and the recovery of its construction segment drove this performance.

2. Drivers of the Turnaround: Why the Positive Shift?

  • Strong PC Business Growth: Increasing demand for PC in logistics centers and semiconductor plants fueled the stable growth of the PC business, which accounts for 86% of revenue.
  • Construction Segment Recovery: Addressing past cost overruns enabled the construction segment to return to profitability.
  • Improved Financial Health: Camu ENC is strengthening its financial structure through capital increase.
  • Solid Technological Competitiveness: Numerous patents and new technology certifications validate Camu ENC’s technological prowess.

3. Potential Risks: What to Watch Out For

  • Korea Aluminum’s Underperformance: Rising raw material prices and fixed cost burdens led to a net loss for Korea Aluminum. Its impact on consolidated earnings warrants close monitoring.
  • Construction Market Downturn: The sluggish domestic construction market poses a potential headwind.
  • External Factors: Volatility in raw material prices, exchange rates, and rising interest rates could negatively impact costs and financing.

4. Investor Action Plan: What Should You Do?

While Camu ENC’s core business strengths are driving its recovery, ongoing monitoring of its subsidiary’s performance and external market conditions is crucial. Investors should carefully consider the continued growth of the PC business, Korea Aluminum’s turnaround prospects, and Camu ENC’s ability to manage external risks before making investment decisions.