Sohyun Kwon, Reporter
Entered 2025.11.17. 7:30 a.m.
Original Article
Strong results driven by cost reductions and new product deliveries
Full-year sales of the prior year surpassed within three quarters
Annual turnaround to operating profit expected on operating income growth
[Edaily MarketIn | Reporter Sohyun Kwon] ASTK (067390) posted record-high quarterly results in the third quarter, achieving growth in both scale and profitability through new deliveries and cost reductions.
ASTK announced on the 17th that, based on consolidated results compiled for the third quarter, cumulative sales through the third quarter came in at USD 129.9 million and operating profit at USD 5.62 million.
Sales increased 59% from the same period last year, surpassing the previous year’s annual sales within three quarters. In addition to quantitative growth, net profit turned positive at USD 0.82 million, achieving qualitative growth as well.
The record performance reflects not only ongoing cost reductions in existing businesses through close cooperation with key customers such as Boeing and Embraer, but also the start of deliveries in June this year of the IAI B777 P2F, a new product line that inevitably required initial development costs. This enabled the normal reversal of proactively recognized accounting costs, resulting in strong results.
ASTK explained that with the successful development of the initial unit of the IAI B777 P2F in the first half of this year, and milestones in the second half such as surpassing 1,000 units in production of the Boeing 737 aft fuselage—its core business line—and the first-unit delivery in the new military transport segment for the Embraer C390, the company is expanding its business portfolio, making its earnings growth momentum visible. Accordingly, the company expects not only to achieve its target of entering the USD 137 million revenue range this year, but also to turn to an annual operating profit.
Sohyun Kwon (juddie@edaily.co.kr)