Satrec Initiative FY 2025 Annual ReportBeta
Satrec Initiative annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on April 6, 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).
Satrec Initiative FY 2025 Annual Report Analysis
Business Overview
- • 2025 satellite business revenue KRW 196.8B, 95% of total sales
- • March 2025 launch of SpaceEye-T 0.25m high-resolution earth observation satellite
Management Discussion & Analysis
- • Revenue KRW 20.69B (+20.8% YoY), operating profit KRW 1.02B (+431.4%), net income KRW 1.41B (+125.4%)
- • Domestic government projects on optical and small reconnaissance satellites drove revenue increase by KRW 35.6B—cited stable project execution
Risk Factors
- • KRW 783M derivative valuation gain in FY2025 related to redeemable convertible preferred shares liability
- • No outstanding or ongoing currency forward contracts as of FY2025 year-end
Satrec Initiative FY 2025 Key Financial MetricsDART
Total Assets
KRW 411.0B
▼ -8.1% YoY
Operating Cash Flow
-KRW 74.0B
▼ -208.3% YoY
CapEx
KRW 23.0B
▲ +54.4% YoY
Source: KIFRS consolidated financial data from Satrec Initiative 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