032820 - Woori Technology, Incorporation

032820 Summary

Power Equipment

Stock Price & Overview

₩10,630 +130 (+1.24%) Close · Sep 4, 2026 KST

KOSDAQ | ₩KRW | Close: ₩10,630 ≈ US$8 · Market cap ₩1.8tn (≈ $1.3bn)

032820 Financial Statements

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Total Revenue	87.1	71.3	63.2	49.5	52.1	49.9	32.6	28.2	30.2	31.5	39.7
Cost of Revenue	69.5	52.6	43.0	32.5	33.0	35.6	28.8	22.0	17.0	19.3	29.1
Gross Profit	17.6	18.6	20.2	17.0	19.1	14.3	3.8	6.2	13.2	12.1	10.6
Selling, General & Administrative	23.1	18.1	13.5	12.2	11.9	11.6	12.8	9.0	8.2	8.3	8.0
Operating Income	-5.5	0.6	6.7	4.8	7.2	2.7	-9.0	-2.9	5.0	3.8	2.7
Finance Income	10.2	6.4	2.5	2.6	1.8	0.8	1.3	1.5	1.0	1.4	1.8
Finance Costs	9.8	6.0	3.3	3.7	5.2	2.5	4.0	7.1	2.2	5.0	6.8
Pretax Income	-7.3	-4.2	4.5	2.9	3.6	-1.6	-11.4	-8.3	3.3	5.0	-10.6
Income Tax Expense	-3.2	0.2	-0.5	0.5	0.1	0.1	0.0	0.0	0.0	0.0	0.0
Net Income	-4.1	-4.4	5.0	3.4	3.7	-1.4	-11.4	-8.3	3.3	5.0	-10.6
Total Comprehensive Income	-4.9	-6.0	2.5	6.1	4.5	-1.5	-11.8	-8.5	2.6	4.1	-10.9

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Total Assets	338.5	265.5	190.2	162.0	148.1	118.3	104.0	91.6	85.2	82.3	80.6
Current Assets	112.8	83.0	66.1	65.8	61.9	50.0	31.9	34.5	28.5	28.0	26.4
Cash & Cash Equivalents	9.5	10.9	12.6	13.7	27.9	17.0	5.8	12.1	6.0	7.1	4.5
Inventories	16.5	13.0	10.3	8.7	7.2	8.2	9.4	4.2	4.0	1.1	2.8
Trade Receivables	13.5	12.3	11.2	6.9	4.7	3.5	6.3	4.4	12.0	13.0	12.2
Non-current Assets	225.7	182.5	124.1	96.2	86.2	68.3	72.1	57.1	56.7	54.3	54.2
Property, Plant & Equipment	155.7	110.8	49.8	22.7	14.7	14.1	13.2	10.3	9.8	10.0	9.4
Intangible Assets	13.5	13.9	15.9	15.8	14.9	7.9	15.8	11.0	9.2	6.2	6.4
Total Liabilities	214.1	153.4	86.8	66.5	69.7	67.3	70.8	58.5	47.6	51.4	54.3
Current Liabilities	109.1	73.3	41.5	50.5	44.1	50.7	58.2	28.7	28.0	40.9	33.2
Non-current Liabilities	105.0	80.1	45.2	16.1	25.6	16.7	12.5	29.9	19.6	10.5	21.1
Total Equity	124.4	112.1	103.4	95.5	78.4	51.0	33.2	33.1	37.6	30.9	26.3
Share Capital	83.4	80.4	76.9	75.3	71.5	63.8	49.6	42.7	41.8	38.4	38.4
Retained Earnings	-48.2	-48.6	-43.6	-46.2	-49.6	-55.8	-54.0	-42.3	-33.9	-36.5	-40.8

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Cash from Operating Activities	-18.8	3.9	3.7	1.6	8.8	0.8	-10.0	0.7	5.7	4.1	1.0
Cash from Investing Activities	-51.2	-41.6	-24.6	-22.2	-18.3	-3.4	-4.3	-10.3	-4.5	-2.1	-2.1
Purchase of Property, Plant & Equipment	45.5	39.8	29.0	8.6	0.6	1.8	0.5	0.5	0.3	1.0	1.3
Cash from Financing Activities	68.6	35.5	19.7	6.5	20.4	13.8	8.1	15.8	-2.2	0.7	4.3
Dividends Paid	—	—	—	—	—	—	—	—	—	0.0	0.0
Net Change in Cash	-1.4	-1.7	-1.2	-14.2	10.9	11.2	-6.3	6.1	-1.1	2.6	1.6

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Total Revenue	19.8	17.0	24.8	21.2	22.6	18.5	25.9	17.1	12.9	15.5
Cost of Revenue	14.9	15.0	22.4	15.0	17.0	15.2	16.2	14.6	10.1	11.8
Gross Profit	4.9	1.9	2.5	6.2	5.6	3.4	9.7	2.5	2.8	3.7
Selling, General & Administrative	6.0	8.6	3.7	6.8	6.3	6.4	5.9	4.1	4.0	4.1
Operating Income	-1.1	-6.7	-1.2	-0.6	-0.7	-3.0	3.8	-1.6	-1.2	-0.4
Finance Income	35.8	37.7	-12.8	-1.7	24.4	0.3	2.3	1.4	1.6	1.1
Finance Costs	7.2	3.6	2.6	0.9	3.1	3.2	3.2	0.9	1.1	0.8
Pretax Income	19.9	27.3	-18.6	-3.4	20.1	-5.5	-2.2	-1.0	-0.8	-0.3
Income Tax Expense	-0.1	-0.1	-3.3	0.1	-0.0	0.0	0.0	0.1	-0.0	-0.1
Net Income	20.1	27.4	-15.5	-3.3	20.2	-5.5	-2.5	-0.9	-0.8	-0.2
Total Comprehensive Income	19.3	27.4	-15.3	-3.3	19.1	-5.5	-3.2	-0.6	-2.0	-0.1

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Total Assets	409.2	401.5	338.5	332.2	316.6	268.7	265.5	247.5	218.7	199.6
Current Assets	130.3	117.7	112.8	120.7	111.2	79.6	83.0	85.3	70.3	65.5
Cash & Cash Equivalents	4.5	30.0	9.5	5.3	2.7	3.5	10.9	13.5	8.4	8.8
Inventories	21.3	17.9	16.5	18.5	17.1	15.2	13.0	14.1	13.7	11.8
Trade Receivables	10.7	10.1	13.5	12.9	11.4	8.9	12.3	9.7	7.9	6.7
Non-current Assets	279.0	283.7	225.7	211.5	205.4	189.2	182.5	162.2	148.4	134.1
Property, Plant & Equipment	153.2	155.5	155.7	145.8	138.6	123.5	110.8	86.6	72.2	57.4
Intangible Assets	13.5	13.4	13.5	13.9	14.0	13.7	13.9	15.7	16.0	16.0
Total Liabilities	226.4	239.3	214.1	196.5	181.6	157.6	153.4	136.9	109.9	94.2
Current Liabilities	99.2	107.5	109.1	116.1	114.5	81.0	73.3	58.2	60.9	57.4
Non-current Liabilities	127.2	131.8	105.0	80.4	67.1	76.5	80.1	78.7	49.0	36.7
Total Equity	182.8	162.1	124.4	135.7	135.0	111.2	112.1	110.6	108.8	105.4
Share Capital	85.8	85.5	83.4	83.1	82.8	82.3	80.4	79.4	78.7	76.9
Retained Earnings	-38.0	-19.3	-48.2	-33.4	-31.5	-52.4	-48.6	-45.9	-45.8	-43.8

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Cash from Operating Activities	-11.0	2.5	-5.1	-3.8	-0.6	-9.3	-7.1	2.0	2.0	7.0
Cash from Investing Activities	-60.5	-3.3	-15.4	-8.3	-18.8	-8.7	-7.1	-13.2	-9.3	-12.0
Purchase of Property, Plant & Equipment	7.0	4.1	11.0	7.5	16.0	11.0	18.0	8.8	8.7	4.3
Cash from Financing Activities	45.9	21.3	24.6	14.7	18.6	10.7	11.2	16.4	6.7	1.2
Net Change in Cash	-25.5	20.5	4.2	2.5	-0.8	-7.4	-2.6	5.1	-0.4	-3.7

Consolidated (CFS), from DART. 11 fiscal years and 10 quarters. Accounts matched on IFRS account_id, not Korean labels, so the same line holds across years where the Korean wording changed. Quarterly figures are three-month values: income quarters from DART's three-month column, cash-flow quarters differenced from DART's cumulative figures, and Q4 as annual minus nine-month cumulative.

032820 Growth

FY2025 ₩bn	Latest	1-yr	3-yr CAGR	5-yr CAGR	10-yr CAGR
Revenue	87.1	+22.3%	+20.7%	+11.8%	+8.2%
Operating income	-5.5	—	—	—	—
Net income	-4.1	—	—	—	—
EPS	₩-24	—	—	—	—
Operating cash flow	-18.8	—	—	—	—
Shareholders' equity	124.4	+11.0%	+9.2%	+19.5%	+16.8%

Compound annual growth from the DART annual statements on this page. n/m where either end of the period is a loss or missing. EPS uses today's share count for every year.

032820 Profitability

Ratio	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Gross margin	20.3%	26.1%	31.9%	34.4%	36.7%	28.7%
Operating margin	-6.3%	0.8%	10.6%	9.7%	13.9%	5.4%
Net margin	-4.7%	-6.2%	8.0%	6.8%	7.1%	-2.8%
Return on equity	-3.5%	-4.1%	5.1%	3.9%	5.7%	-3.4%
Return on assets	-1.4%	-1.9%	2.9%	2.2%	2.8%	-1.3%
Operating cash flow / revenue	-21.6%	5.5%	5.9%	3.2%	16.9%	1.6%
Capex / revenue	52.2%	55.9%	45.9%	17.4%	1.2%	3.7%

Margins divide by revenue for the same year. Return on equity and assets divide net income by the average of that year's and the prior year's balance, as DART reports them (consolidated, including minority interests).

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What a US investor should know

Trading hours09:00–15:30 KST — 20:00–02:30 US Eastern the night before.
Daily limitKorean stocks can move at most ±30% in a session before trading halts.
Getting exposureKRX shares are not directly tradable in most US brokerage accounts. The usual routes are Korea ETFs or an international account.
ReportingKorean issuers file to DART, not the SEC. Half-year and quarterly reports land about 45 days after period end.