[Edaily Reporter Kim Yoon-jung] Hana Securities assessed that DKT has confirmed the effectiveness of its business restructuring through strong first-quarter earnings, while its new businesses—including automotive organic light-emitting diodes (OLEDs) and robotic charging modules—have entered full-scale operation.

On the 4th, Kwon Tae-woo, an analyst at Hana Securities, stated, “First-quarter earnings significantly exceeded previous estimates, confirming structural improvements in profitability,” adding, “As revenue from new businesses is fully reflected, the diversification of the business portfolio will accelerate.”
DKT’s first-quarter revenue reached 115.6 billion won, a 33.8% increase year-over-year, while operating profit rose 259.8% to 8.8 billion won. The operating profit margin stood at 7.6%, up 4.8 percentage points from the same period last year. This figure is approximately 2.7 times higher than Hana Securities’ previous operating profit estimate of 3.2 billion won.
Analyst Kwon cited the following factors behind the improved performance: △strong shipments and sustained demand for foldable devices despite the delayed launch of flagship smartphones; △higher utilization rates due to expanded sales in the automotive electronics sector; △improved yield rates resulting from the shift toward automation; and △the recognition of design margins from operating an in-house design team in the ESS (Energy Storage System) Battery Management System (BMS) business.
He explained, “Profitability is improving as the shift toward automation takes effect,” adding, “The ESS BMS business is also showing gradual improvement in its profit structure based on in-house design capabilities.”
He projected that revenue from new businesses would begin in earnest starting in the second quarter. Analyst Kwon stated, “Mass production and supply of Auto OLED displays for premium sedans from domestic automakers began in April,” adding, “With a three-year order backlog of approximately 330 billion won secured from domestic and international original equipment manufacturers (OEMs), future earnings visibility is high.”
Hana Securities projected that Auto OLED revenue would expand from 7.5 billion won in 2025 to 41.5 billion won in 2026 and 118.8 billion won in 2027.
The firm also highlighted the company’s entry into the robotics business. “In April, we began the initial shipment of 2,000 charging modules (Proof of Concept, POC) to a North American robotics company,” the analyst explained, adding, “We believe the prerequisites for transitioning from the prototype verification stage to mass production have been met.”
He continued, “Starting with charging modules, opportunities are opening up to expand our humanoid platform by leveraging our existing technologies, such as BMS, flexible printed circuit assemblies (FPCA), and motion control,” and assessed that “the value of early market entry will be highlighted amid the high-growth cycle of the global motion control, actuator, and battery module markets.”
Hana Securities also revised its full-year earnings forecast upward. It projected revenue of 528.8 billion won, a 24.2% increase year-over-year, and operating profit of 30.8 billion won, a 45.7% increase. Compared to previous estimates, revenue was raised by 2% and operating profit by 24%.
The firm also forecast steep growth for the ESS BMS business. Analyst Kwon noted, “ESS BMS revenue is expected to rise from 10.4 billion won in 2025 to 51.8 billion won in 2026,” adding, “As competition for ESS orders in North America and South Korea intensifies among the three major domestic battery cell manufacturers, the synergistic growth effect as a key supply chain partner is becoming evident.”
He also noted, “The 22 billion won investment in a new facility in Georgia, U.S., announced on April 27, is intended to secure a North American hub for the ESS BMS and robotics businesses,” “Even with the initial investment alone, the company can secure the capacity to handle annual sales of 120 to 150 billion won, and with additional expansion, the structure allows for the generation of annual sales of 300 billion won within two to three years.”
Researcher Kwon predicted, “Starting in 2027, the ESS BMS and robotics businesses will establish themselves as new growth engines,” adding, “There is a high likelihood that the company will enter a phase of business portfolio diversification.”