1. What Happened? DASCO’s Q2 2025 Earnings Breakdown

DASCO reported revenue of KRW 70 billion and operating profit of KRW 7 billion in Q2 2025, marking a return to profitability. However, the company continued to report a net loss of KRW 22 billion. This presents a mixed picture of slight revenue growth and operating profit turnaround against a continuing net loss.

2. Why Did This Happen? Analyzing the Drivers of Change

The operating profit turnaround is primarily attributed to Q2 performance exceeding market expectations. However, further analysis is needed to determine if this is a one-off gain or reflects fundamental improvements across business segments. Risks remain, including persistent losses in the energy and building materials segments, a prolonged downturn in the construction market, and volatility in raw material prices.

3. What’s Next? Future Outlook and Investment Strategy

DASCO’s future stock price will depend on various factors, including sustained Q2 performance, new business outcomes, and macroeconomic conditions. Investors should consider the positive factors, such as the stability of the SOC business and the growth potential of the renewable energy market, alongside negative factors, such as concerns about financial soundness and the sustainability of the Q2 turnaround, when making investment decisions.

4. Investor Action Plan

  • Short-term investors: Closely monitor the sustainability of the Q2 performance and market reaction, responding flexibly to short-term price fluctuations.
  • Long-term investors: Focus on the long-term fundamental improvements of the company, continuously observing the performance of new businesses and improvements in the financial structure.