| Breakdown ₩ bn | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 965.4 | 662.6 | 925.8 | 691.8 | 503.1 | 427.2 | 384.5 | 144.0 | 123.1 | 173.1 | 192.4 |
| Cost of Revenue | 873.8 | 589.8 | 820.8 | 590.4 | 459.7 | 381.7 | 389.0 | 165.6 | 129.8 | 153.5 | 165.2 |
| Gross Profit | 91.6 | 72.8 | 105.0 | 101.4 | 43.4 | 45.5 | -4.5 | -21.6 | -6.7 | 19.5 | 27.2 |
| Selling, General & Administrative | 32.0 | 31.0 | 29.4 | 29.4 | 16.9 | 16.5 | 16.1 | 13.7 | 14.3 | 9.0 | 12.1 |
| Operating Income | 59.5 | 41.8 | 75.6 | 71.9 | 26.4 | 29.0 | -20.6 | -35.3 | -21.0 | 10.5 | 15.0 |
| Finance Income | 14.5 | 9.4 | 15.6 | 7.4 | 3.6 | 1.5 | 0.6 | 0.4 | 1.0 | 1.7 | 0.9 |
| Finance Costs | 19.2 | 63.5 | 29.2 | 41.3 | 24.9 | 18.2 | 17.3 | 11.1 | 8.2 | 8.0 | 8.3 |
| Pretax Income | 45.9 | 17.6 | 63.1 | 34.8 | -81.7 | 9.2 | -36.8 | -60.6 | 81.3 | 4.5 | 7.8 |
| Income Tax Expense | 8.4 | 0.8 | 5.6 | 6.8 | 5.1 | -3.1 | 0.3 | -0.4 | -15.0 | 1.3 | -0.0 |
| Net Income | 37.5 | 16.9 | 57.5 | 28.0 | -86.8 | 12.2 | -37.1 | -60.2 | 96.3 | 3.2 | 7.8 |
| Total Comprehensive Income | 60.2 | 14.5 | 55.3 | 27.6 | -58.2 | 14.2 | -37.2 | -60.3 | 96.8 | 3.3 | 7.5 |
| Breakdown ₩ tn | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 1.15 | 1.42 | 1.43 | 1.22 | 0.74 | 0.66 | 0.63 | 0.54 | 0.53 | 0.24 | 0.26 |
| Current Assets | 0.23 | 0.59 | 0.75 | 0.59 | 0.30 | 0.19 | 0.14 | 0.06 | 0.06 | 0.04 | 0.06 |
| Cash & Cash Equivalents | 0.02 | 0.07 | 0.04 | 0.09 | 0.10 | 0.01 | 0.01 | 0.00 | 0.02 | 0.01 | 0.00 |
| Inventories | 0.00 | 0.01 | 0.00 | 0.01 | 0.03 | 0.03 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 |
| Trade Receivables | 0.05 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.03 | 0.02 | 0.03 | 0.02 | 0.04 |
| Non-current Assets | 0.92 | 0.83 | 0.68 | 0.63 | 0.44 | 0.47 | 0.49 | 0.48 | 0.47 | 0.20 | 0.21 |
| Property, Plant & Equipment | 0.89 | 0.80 | 0.66 | 0.54 | 0.43 | 0.47 | 0.48 | 0.48 | 0.47 | 0.20 | 0.21 |
| Intangible Assets | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 0.33 | 0.71 | 0.73 | 0.69 | 0.56 | 0.43 | 0.43 | 0.31 | 0.28 | 0.17 | 0.21 |
| Current Liabilities | 0.22 | 0.62 | 0.69 | 0.64 | 0.50 | 0.26 | 0.30 | 0.16 | 0.16 | 0.15 | 0.19 |
| Non-current Liabilities | 0.11 | 0.09 | 0.05 | 0.05 | 0.06 | 0.16 | 0.13 | 0.15 | 0.12 | 0.01 | 0.01 |
| Total Equity | 0.81 | 0.71 | 0.70 | 0.53 | 0.18 | 0.23 | 0.20 | 0.23 | 0.25 | 0.07 | 0.06 |
| Share Capital | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Retained Earnings | 0.13 | 0.09 | 0.08 | 0.02 | -0.00 | 0.05 | 0.04 | 0.07 | 0.12 | 0.02 | 0.01 |
| Breakdown ₩ bn | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activities | -39.8 | 135.4 | -138.2 | 68.6 | 137.6 | -57.5 | 19.1 | -13.4 | -16.4 | 11.6 | 6.5 |
| Cash from Investing Activities | -35.8 | -107.9 | 26.7 | -331.1 | -48.7 | -1.6 | -22.1 | -55.6 | -9.3 | -2.2 | -3.9 |
| Purchase of Property, Plant & Equipment | 58.7 | 151.4 | 110.8 | 116.1 | 35.4 | 3.1 | 3.4 | 54.2 | 1.7 | 2.0 | 2.8 |
| Cash from Financing Activities | 27.7 | -1.5 | 70.3 | 252.7 | -4.7 | 59.0 | 11.9 | 49.6 | 42.9 | -5.0 | -3.4 |
| Dividends Paid | — | — | — | — | — | 2.3 | 1.3 | 0.4 | — | — | — |
| Net Change in Cash | -47.9 | 26.1 | -41.4 | -10.3 | 84.3 | -0.2 | 9.0 | -19.4 | 17.1 | 4.5 | -0.8 |
| Breakdown ₩ bn | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 170.5 | 174.7 | 174.5 | 293.2 | 240.6 | 257.1 | 163.0 | 199.2 | 173.4 | 127.1 |
| Cost of Revenue | 144.0 | 150.8 | 152.1 | 266.0 | 217.7 | 238.0 | 152.5 | 176.9 | 149.7 | 110.7 |
| Gross Profit | 26.5 | 23.9 | 22.4 | 27.1 | 22.9 | 19.2 | 10.5 | 22.3 | 23.6 | 16.3 |
| Selling, General & Administrative | 7.2 | 7.0 | 8.7 | 7.9 | 7.3 | 8.1 | 7.8 | 7.1 | 8.6 | 7.4 |
| Operating Income | 19.3 | 16.9 | 13.7 | 19.3 | 15.6 | 11.0 | 2.7 | 15.2 | 15.0 | 8.9 |
| Finance Income | 2.2 | 4.4 | -4.3 | -7.2 | 25.2 | 0.9 | -2.8 | 6.8 | 3.3 | 2.0 |
| Finance Costs | 6.5 | 12.5 | 1.8 | 4.4 | 6.0 | 7.0 | 39.1 | -2.3 | 19.6 | 7.1 |
| Pretax Income | 16.1 | 13.9 | 12.8 | 15.2 | 11.7 | 6.2 | 0.1 | 9.5 | 3.4 | 4.6 |
| Income Tax Expense | 2.3 | 4.1 | -0.9 | 4.2 | 3.2 | 2.0 | -0.0 | 0.1 | 0.4 | 0.3 |
| Net Income | 13.8 | 9.9 | 13.7 | 11.1 | 8.5 | 4.3 | 0.1 | 9.4 | 3.0 | 4.3 |
| Total Comprehensive Income | 13.8 | 9.9 | 36.3 | 11.1 | 8.5 | 4.3 | -2.2 | 9.4 | 3.0 | 4.3 |
| Breakdown ₩ tn | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 1.21 | 1.16 | 1.15 | 1.16 | 1.32 | 1.39 | 1.42 | 1.38 | 1.45 | 1.51 |
| Current Assets | 0.26 | 0.22 | 0.23 | 0.29 | 0.46 | 0.54 | 0.59 | 0.59 | 0.70 | 0.77 |
| Cash & Cash Equivalents | 0.04 | 0.02 | 0.02 | 0.05 | 0.09 | 0.13 | 0.07 | 0.07 | 0.09 | 0.08 |
| Inventories | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 |
| Trade Receivables | 0.04 | 0.01 | 0.05 | 0.04 | 0.02 | 0.03 | 0.01 | 0.00 | 0.01 | 0.01 |
| Non-current Assets | 0.95 | 0.94 | 0.92 | 0.87 | 0.85 | 0.85 | 0.83 | 0.79 | 0.75 | 0.73 |
| Property, Plant & Equipment | — | 0.91 | 0.89 | 0.85 | 0.83 | 0.82 | 0.80 | 0.77 | 0.72 | 0.69 |
| Intangible Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Total Liabilities | 0.37 | 0.33 | 0.33 | 0.38 | 0.58 | 0.67 | 0.71 | 0.66 | 0.74 | 0.80 |
| Current Liabilities | 0.28 | 0.24 | 0.22 | 0.27 | 0.46 | 0.54 | 0.62 | 0.61 | 0.69 | 0.73 |
| Non-current Liabilities | 0.09 | 0.09 | 0.11 | 0.11 | 0.12 | 0.13 | 0.09 | 0.05 | 0.05 | 0.07 |
| Total Equity | 0.84 | 0.82 | 0.81 | 0.78 | 0.74 | 0.72 | 0.71 | 0.72 | 0.71 | 0.70 |
| Share Capital | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Retained Earnings | 0.15 | 0.14 | 0.13 | 0.12 | 0.10 | 0.10 | 0.09 | 0.09 | 0.08 | 0.08 |
| 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 | 11.5 | 40.9 | -22.8 | -115.9 | 46.5 | 52.4 | 27.1 | 46.2 | 51.9 | 10.2 |
| Cash from Investing Activities | -11.5 | -23.7 | -8.3 | 85.8 | -81.3 | -31.9 | -45.8 | -42.1 | -6.6 | -13.3 |
| Purchase of Property, Plant & Equipment | 11.2 | 23.7 | 10.4 | 4.8 | 11.6 | 31.9 | 40.3 | 47.3 | 34.8 | 28.9 |
| Cash from Financing Activities | 18.0 | -18.1 | 1.6 | -9.1 | -3.4 | 38.6 | 16.1 | -16.0 | -38.0 | 36.4 |
| Net Change in Cash | 17.9 | -0.9 | -29.5 | -38.4 | -39.2 | 59.2 | -1.9 | -12.5 | 7.3 | 33.3 |
| FY2025 ₩bn | Latest | 1-yr | 3-yr CAGR | 5-yr CAGR | 10-yr CAGR |
|---|---|---|---|---|---|
| Revenue | 965.4 | +45.7% | +11.7% | +17.7% | +17.5% |
| Operating income | 59.5 | +42.4% | -6.1% | +15.4% | +14.7% |
| Net income | 37.5 | +122.3% | +10.2% | +25.1% | +16.9% |
| EPS | ₩600 | +122.3% | +10.2% | +25.1% | +16.9% |
| Operating cash flow | -39.8 | — | — | — | — |
| Shareholders' equity | 814.5 | +14.2% | +15.7% | +28.4% | +30.6% |
| Ratio | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Gross margin | 9.5% | 11.0% | 11.3% | 14.7% | 8.6% | 10.7% |
| Operating margin | 6.2% | 6.3% | 8.2% | 10.4% | 5.3% | 6.8% |
| Net margin | 3.9% | 2.5% | 6.2% | 4.0% | -17.3% | 2.9% |
| Return on equity | 4.9% | 2.4% | 9.4% | 7.9% | -42.0% | 5.7% |
| Return on assets | 2.9% | 1.2% | 4.3% | 2.9% | -12.4% | 1.9% |
| Operating cash flow / revenue | -4.1% | 20.4% | -14.9% | 9.9% | 27.4% | -13.5% |
| Capex / revenue | 6.1% | 22.8% | 12.0% | 16.8% | 7.0% | 0.7% |
| Symbol | Last Price |
|---|---|
| 005490POSCO Holdings Inc. | ₩337,000 -1.5% |
| 004020Hyundai Steel | ₩31,500 -0.5% |
| 001430SeAH Besteel Holdings Corporation | ₩42,350 +4.8% |
| 014620Sung Kwang Bend Co., Ltd. | ₩30,850 +1.5% |
| 023160T. K. Corporation | ₩26,150 +1.4% |
| 058650Seah Holdings Corp. | ₩133,600 -0.4% |
| 016380KG Dongbusteel | ₩5,590 +0.0% |
| 009520POSCO M-tech Co., Ltd. | ₩12,650 +1.2% |
| 460860Dongkuk Steel Mill Co., Ltd. | ₩10,510 -1.5% |
| 002240Kiswire Co., Ltd. | ₩17,220 +0.1% |