LS Marine Solutions FY 2025 Annual ReportBeta
LS Marine Solutions annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 16, 2026. This page provides AI-powered English analysis including business overview, management discussion & analysis (MD&A), risk factors, and KIFRS consolidated financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE).
LS Marine Solutions FY 2025 Annual Report Analysis
Business Overview
- • KRW 244.2B revenue in FY2025, 87% increase YoY; subsectors: submarine cable KRW 72.3B, underground cable KRW 171.9B
- • October 2024 vertical integration of LS Buildwin to enhance underground construction, enabling turnkey solutions combining submarine and underground cable works
Management Discussion & Analysis
- • Revenue KRW 24.42B (+87.4% YoY to KRW 2,442B); Operating profit KRW 700.9B (-43.4% YoY); Net income KRW 835.6B (-36.7%)
- • Underground construction segment revenue KRW 1,719B vs. subsea construction KRW 723B; growth driven by "vertical integration with LS Buildwin for turnkey solutions"
Risk Factors
- • KRW 3.62B pretax profit and equity impact for 10% USD/KRW exchange rate move at FY2025 year-end
- • KRW 35.5B contractual financial liabilities due within 1 year, mostly short-term payables and current portion of bonds
LS Marine Solutions FY 2025 Key Financial MetricsDART
Revenue
KRW 244.2B
Net Income
KRW 8.4B
Gross Margin
6.6%
Operating Margin
2.9%
Net Margin
3.4%
ROE
1.3%
Total Assets
KRW 739.0B
EPS (Diluted)
KRW 214
Operating Cash Flow
KRW 19.9B
CapEx
KRW 76.5B
Source: KIFRS consolidated financial data from LS Marine Solutions annual report on DART. All figures in KRW.
Source: DART (Korea Financial Supervisory Service) · AI summaries generated from the original Korean filing (English output) · Beta: coverage is expanding