[Alpha Biz= Kim Jisun] Operating loss exceeds revenue amid weak demand and rising costs; profitability target by 2026 under pressure

Doosan Robotics announced on Feb. 11 its preliminary consolidated earnings for 2025, posting revenue of KRW 33.0 billion and an operating loss of KRW 59.5 billion.

Revenue declined 29.6% year-on-year, while the operating loss widened 44.3% compared with the previous year. With operating losses exceeding total revenue, the company effectively recorded losses larger than its sales.

The company attributed the downturn to external uncertainties, including U.S.-led tariff policies, which weighed on sales. It also cited increased labor costs from hiring additional research and development (R&D) personnel, as well as one-off expenses related to the acquisition of ONExia in September last year.

Doosan Robotics’ operating losses have expanded steadily, from KRW 19.2 billion in 2023 to KRW 41.2 billion in 2024 and KRW 59.5 billion in 2025.

In contrast, revenue peaked at KRW 53.0 billion in 2023 before declining to KRW 46.8 billion in 2024 and further to KRW 33.0 billion in 2025. As revenue shrank and losses widened, the operating loss margin surged from 36.2% in 2023 to 88% in 2024 and 180.3% in 2025.

At the time of its initial public offering (IPO) in 2023, the company had projected it would turn profitable by 2026, presenting an estimated net profit of KRW 94.2 billion for that year.

However, with operating losses nearing KRW 60 billion last year, Doosan Robotics recorded a net loss of KRW 55.5 billion in 2025, up 51.8% year-on-year.

Given the continuing losses, the company did not provide specific earnings guidance for this year. Instead, it emphasized its commitment to leading the physical AI market by leveraging its robotics business and the capabilities of ONExia, acquired last year.

 

 

 

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