SignalX

TSE FY 2025 Annual Report
Beta

Filed: March 18, 2026· period ending December 31, 2025DART
TSE Overview

TSE annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 18, 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).

TSE FY 2025 Annual Report Analysis

Business Overview

  • • Semiconductor test equipment sales KRW 302.4B, 70.5% of total revenue in FY2025, led by Probe Card (KRW 143.4B) and Interface Board (KRW 94.6B)
  • • Tiger Elec mass production of high-spec Probe Card PCB over 100 layers, including new Vietnam plant SET-UP investment in 2025

Risk Factors

  • • KRW 12.1B pretax earnings impact per 10% USD/KRW exchange rate movement, down from KRW 22.2B in prior year
  • • Short-term financial liabilities due within 1 year total KRW 74.58B, up from KRW 65.28B prior year

TSE FY 2025 Key Financial Metrics
DART

Revenue

KRW 428.9B

▲ +23.2% YoY

Net Income

KRW 40.0B

▼ -11.1% YoY

Gross Margin

28.0%

▲ +300bp YoY

Operating Margin

11.5%

▲ +0bp YoY

Net Margin

9.3%

▼ -360bp YoY

ROE

10.2%

▼ -290bp YoY

Total Assets

KRW 608.0B

▲ +17.1% YoY

EPS (Diluted)

KRW 3,526

▼ -10.9% YoY

Operating Cash Flow

KRW 48.6B

▲ +63.3% YoY

CapEx

KRW 47.1B

▲ +74.9% YoY

Source: KIFRS consolidated financial data from TSE 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