SNT Dynamics (003570)
SNT Dynamics (003570) is a KOSPI-listed Korean precision-machinery maker focused on defense. It builds military powertrains, automatic transmissions, and autocannon for armored vehicles, including the transmissions in the K9 howitzer and the Redback IFV. In ETFpedia it represents the Korea defense concept as a powertrain and drivetrain specialist.
| Ticker | 003570 |
|---|---|
| Exchange | KOSPI |
| Sector | Defense · Powertrains, Transmissions & Guns |
| Country | South Korea |
| Wikidata | Q7387008 |
| Last updated | 2026-06-04 |
Next event:Next report · H1 2026 반기보고서 (semi-annual report), estimated · Estimated from Korea's 45-day semi-annual filing deadline; not company-confirmed. Korean issuers do not pre-announce earnings dates. Last report: Q1 2026 분기보고서 filed 2026-05-12. (source)
Latest reported quarter:Q1 2026 (ended Mar 31, 2026) (reported2026-05-12)
SNT Dynamics grew Q1 2026 revenue 20% year over year to ₩1,799억, with operating profit up 20% to ₩213억 and net income up 14% to ₩202억, as defense-export deliveries scaled up.
| Revenue | ₩1,799억+20%YoY |
|---|---|
| Operating profit | ₩213억+20%YoY |
| Net income | ₩202억+14%YoY |
Revenue by segment
| Defense (powertrains, transmissions, guns/autocannon) | core business |
|---|---|
| Automotive parts (axles, transmission products) | secondary |
| Machine tools | smaller line |
Recent & upcoming events
- · FY2025 results filed.Full-year 2025 revenue rose 16% to ₩7,120억, but operating profit fell 23% to ₩855억 and net income fell 36% to ₩616억, as a heavier mix of new export programs and cost pressure compressed margins despite higher sales. (source)
- · Export step-change to about $130.6M in 2025.Korean media reported SNT Dynamics' 2025 export revenue jumped to about US$130.6 million from roughly US$37.8 million in 2024, driven by K9 transmission supply and MRO to Poland and other operators. (source)
Quarterly and annual figures are from SNT Dynamics' DART filings (consolidated). The export figures are from Korean reporting and are an annual export total, not a DART segment line.
Figures are as of 2026-05-12 and reflect the most recent public filings/IR releases; they are updated after each earnings report.
What does SNT Dynamics do?
SNT Dynamics is a precision-machinery company that found its main market in defense. Its core products are military powertrains and automatic transmissions for tracked and wheeled armored vehicles, plus guns and autocannon systems and protection weapons. Around that sit two smaller lines: automotive components such as axles and transmission parts, and a machine-tools business making gear cutters and CNC lathes. The defense work is where the value concentrates. SNT Dynamics’ 1,000hp-class automatic transmission is the gearbox inside the K9 self-propelled howitzer, and the same drivetrain family was selected for the Redback infantry fighting vehicle that won Australia’s next armored-vehicle program (Seoul Economic Daily).
Why is SNT Dynamics a Korea defense company?
A self-propelled howitzer or an IFV is only as mobile as its drivetrain, and for Korea’s armored vehicles that drivetrain is largely SNT Dynamics’ work. Because its transmissions go into the K9 and the Redback, its order book moves with the vehicle programs themselves, so it benefits from Korea’s defense exports as a component supplier rather than a platform integrator. That is the role it plays in the Korea defense concept, and the export numbers have inflected sharply.
“SNT Dynamics’ export revenue jumped to about US$130.6 million in 2025 from roughly US$37.8 million in 2024, driven by K9 transmission supply and maintenance work for Poland and other operators.”
What did SNT Dynamics report most recently?
In Q1 2026 (the quarter ended March 31, 2026), SNT Dynamics grew revenue 20% year over year to ₩1,799억, with operating profit up 20% to ₩213억 and net income up 14% to ₩202억 (DART 분기보고서). That growth quarter contrasts with a softer full year: 2025 revenue rose 16% to ₩7,120억, but operating profit fell 23% to ₩855억 and net income fell 36% to ₩616억 (DART 사업보고서). The pattern fits a company ramping new export programs: revenue climbs as deliveries scale, but the early phase of fresh contracts and cost pressure can compress margins before they normalize.
What are the risks for SNT Dynamics?
- Margin compression in the ramp. FY2025 shows revenue up but operating profit down, a reminder that new export programs can carry thinner margins before they mature.
- Program concentration. A large share of upside depends on a small set of vehicle platforms (K9, Redback, K2-family) and their export success.
- Component-supplier position. As a drivetrain maker rather than the platform owner, SNT Dynamics has less control over program timing, volumes, and pricing.
- FX and export exposure. A growing export base ties results to currency moves and to the pace of foreign defense procurement.
Related securities, concepts & terms
- Korea Defense Industryparent
- Poongsan (103140)sibling
Related indices & ETFs
- Akros Korea Defense Index · AkrosSNT Dynamics is a representative member of the Korea defense concept.
Frequently asked questions about SNT Dynamics
What does SNT Dynamics do?
SNT Dynamics is a Korean precision-machinery maker focused on defense. It produces military powertrains and automatic transmissions for armored vehicles, guns and autocannon systems, and protection weapons, alongside automotive parts such as axles and a machine-tools line. Its 1,000hp-class transmissions power the K9 self-propelled howitzer and the Redback infantry fighting vehicle.
Why is SNT Dynamics part of the Korea defense theme?
SNT Dynamics makes the powertrains and transmissions inside Korea's armored vehicles. Its automatic transmissions sit in the K9 howitzer and the Redback IFV, so its exports rise with the same vehicle programs that drive the wider Korea defense build-out, which is why it is a representative member of the Korea defense concept.
What was SNT Dynamics' latest revenue?
In Q1 2026 (ended March 31, 2026) SNT Dynamics reported revenue of ₩1,799억, up 20% year over year, with operating profit up 20% to ₩213억 and net income up 14% to ₩202억 (DART 분기보고서). For full-year 2025, revenue rose 16% to ₩7,120억 while operating profit fell 23% to ₩855억.
When does SNT Dynamics next report earnings?
SNT Dynamics is expected to file its H1 2026 semi-annual report (반기보고서) around August 14, 2026. That date is estimated from Korea's 45-day semi-annual filing deadline and is not company-confirmed; Korean issuers do not pre-announce earnings dates. It last reported Q1 2026 results on May 12, 2026.
Sources & references
- SNT Dynamics Q1 2026 quarterly report (분기보고서 2026.03) · DART / Financial Supervisory Service, 2026-05-12
- SNT Dynamics FY2025 business report (사업보고서 2025.12) · DART / Financial Supervisory Service, 2026-02-19
- SNT Dynamics: tank transmissions and powertrains expand into Poland and Turkey · The Korea Economic Daily (한국경제), 2025-12-03
- SNT Dynamics rides the K-defense boom with heavy weapons and powertrains · Seoul Economic Daily (서울경제), 2025-10-21