Asems (136410), a high-performance composite materials company, announced that it recorded consolidated sales of KRW 60.3 billion and operating profit of KRW 12 billion in 2025. Operating profit increased 30.5% year-on-year, and net income also increased 43.2% to KRW 8.8 billion, demonstrating a significant improvement in profitability.
This performance improvement is the result of growth driven by overseas subsidiaries, primarily driven by increased utilization rates at subsidiaries in Vietnam and Indonesia and expanded supply to major global fashion companies. The increased adoption of new products by key customers and the company's strategy to establish overseas production bases were also reflected in this performance.
The improved profitability was driven by a combination of factors: increased sales of new, high-margin products and reduced production costs due to a higher proportion of overseas sales. With lower raw material prices leading to improved cost of sales, the annual operating profit margin for 2025 rose 3.9 percentage points year-on-year to 20%.
The company expects sales of new products, including anhydrous dyes, Ultranet, and anti-fungal films, to begin in earnest in 2026, fueling growth in the eco-friendly materials sector. It also anticipates continued stable growth in existing business areas, such as automotive sunroofs. Building on this performance, Assems announced plans to continue its shareholder-friendly policies, including dividend increases and share repurchases.
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