T-ROBOTICS’ Q3 operating profit rises 293% as vacuum robot and North American ESS businesses expand

[Financial News] Humanoid and industrial robot specialist T-ROBOTICS said on the 11th that its operating profit for the third quarter this year rose 293% year over year to 2.6 billion won. Profitability improved as its core vacuum robot business recovered, while increased orders for its North American energy storage system (ESS) automation business laid the groundwork for future revenue growth.
Revenue on a standalone basis for the third quarter this year totaled 14.8 billion won, up 14% from the same period a year earlier. Operating profit for the quarter was 2.6 billion won. Revenue for the first three quarters totaled 31.7 billion won, while the cumulative operating loss narrowed to 500 million won.
The vacuum robot division led the improvement in results. Increased shipments of vacuum robots supplied to major display customers worldwide improved both revenue and profitability. Building on its existing vacuum robot technology for display manufacturing, the company is also expanding business opportunities in the market for robots used in next-generation processes, including semiconductor glass substrates.
Growth in orders for its North American ESS automation business is also seen as a driver of future growth. T-ROBOTICS has secured successive orders for ESS production process automation equipment for Ford Energy Battery LLC in the United States, bringing cumulative orders to approximately 23 billion won. The company aims to sustain its improving results in the fourth quarter through a recovery in its vacuum robot business and the gradual contribution of North American automation equipment revenue, and to turn profitable for the full year on a standalone basis.
The company is also developing technology in industrial humanoid robots, a business area expected to drive future growth. T-ROBOTICS was selected to lead a government project, worth approximately 4.5 billion won, titled “Humanoid Robot AX Technology Development,” and is jointly developing physical AI-based manufacturing automation technology with KAIST. It plans to combine humanoid technology with its existing industrial robot business and enter the next-generation manufacturing automation market.
A T-ROBOTICS representative said, “Increased vacuum robot shipments in the third quarter significantly improved revenue and profitability, and orders for our North American ESS automation business continue to come in.” The representative added, “We will sustain the improvement in our results in the fourth quarter, achieve a full-year return to profitability, and build a foundation for sustained growth by commercializing industrial humanoid robots.”
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