VM annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 20, 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).
VM FY 2025 Annual Report Analysis
Business Overview
- • Semiconductor dry etching equipment revenue KRW 144.4B in FY2025, with 89.4% domestic and 10.6% export sales
- • Launched 3rd generation 300mm Poly Etcher "Leo WS" with completed in-house tests and customer validation in 2025
Management Discussion & Analysis
- • Revenue KRW 14.44B (+105.49% YoY), Operating profit KRW 2.47B (+386.91%), Net income KRW 2.61B (+857.29%) for FY2025
- • 300mm silicon etcher segment drove revenue growth, with significant sales of 'Leo NK Ⅰ-C' and 'Leo WH' silicon etchers to SK Hynix
Risk Factors
- • Foreign exchange exposure from USD and JPY positions, managed via regular evaluation and reporting of foreign currency receivables and payables
- • Redeemable convertible preferred shares issued Nov 15, 2022, KRW 22.0B principal, 10 years maturity, 4% annual redemption premium
VM FY 2025 Key Financial MetricsDART
Total Assets
KRW 248.7B
▲ +50.1% YoY
Operating Cash Flow
KRW 18.3B
▼ -17.4% YoY
CapEx
KRW 8.2B
▲ +33.6% YoY
Source: KIFRS consolidated financial data from VM 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