According to a disclosure on May 15, SM Vexel reported consolidated sales of 36.6 billion won and an operating income of 500 million won for the first quarter of this year. While these figures show a slight decline compared to the same period last year (sales of 42.2 billion won and operating income of 800 million won), they represent an improvement over the previous quarter, which saw an operating loss of 300 million won and sales of 32.3 billion won.
The defense boom has driven this strong performance. Earlier in February, SM Vexel successfully supplied lithium ampule batteries for the Cheonmu (K-239, Korean Multiple Launch Rocket System), a key weapon system in the K-defense sector.
In the automotive division, diversification of the product portfolio has had a positive impact. SM Vexel has stabilized its business base for internal combustion engine parts while also expanding its portfolio to include hybrid vehicle engines.
A company representative stated, "The automotive division has entered a recovery phase after confirming its lowest point, and the battery division continues to generate stable profits. With the notable performance of K-defense, we expect the high-profit structure of the defense business to contribute to our growth moving forward."
Additionally, SM Vexel was awarded the top prize in the battery category at the 2026 Korea First Brand Awards for the second consecutive year in January. The company is also working to enhance its competitiveness by signing a memorandum of understanding (MOU) with Kongju National University for technology exchange and joint research and development (R&D) in eco-friendly automotive parts.
* This article has been translated by AI.
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