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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
FIRSTEC
FIRSTEC (010820) investor relations material
FIRSTEC Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary14 Aug, 2026
Executive summary
Operates a single defense industry segment, specializing in weapons, control systems, and aerospace components, with a strong domestic presence and a focus on R&D and government contracts.
Maintains a stable capital structure, with no changes in capital stock or major shareholder shifts during the period.
Holds an A- credit rating as of April 2026, reflecting strong but not top-tier creditworthiness.
Financial highlights
Revenue for H1 2026 was KRW 171.5 billion, down from KRW 294.8 billion in FY2025 and KRW 207.3 billion in FY2024.
Operating income for H1 2026 was KRW 5.7 billion, compared to KRW 10.7 billion in FY2025 and KRW 4.3 billion in FY2024.
Net income for H1 2026 was KRW 4.4 billion, down from KRW 14.7 billion in FY2025 and up from KRW 10.9 billion in FY2024.
Cash and cash equivalents increased to KRW 96.8 billion at June 2026 from KRW 50.0 billion at December 2025.
Total assets at June 2026 were KRW 448.1 billion, with equity of KRW 88.5 billion.
Outlook and guidance
Focuses on expanding R&D and entering new markets, especially unmanned and aerospace systems.
Plans to maintain a balanced approach to dividends, prioritizing growth and shareholder returns as conditions allow.
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Latest events from FIRSTEC
- Revenue fell but net income rose, with strong cash growth and continued R&D investment.010820
Q3 2024 - H1 2024 revenue declined, but net profit rose; order backlog and cash position remain strong.010820Q2 2024
- Net income rose to KRW 6.7 billion on KRW 186.4 billion revenue, with robust cash and stable outlook.010820Q3 2025
- H1 2025 revenue and profit declined, but R&D and market expansion remain priorities.010820Q2 2025
- Q1 2025 saw KRW 53.6B revenue and KRW 2.19B net income, all from defense operations.010820Q1 2025
- Q1 2026 saw a significant drop in revenue and profit, with continued focus on defense R&D.010820Q1 2026
- FY2025 revenue up 42.2% and net income up 34.9%, with strong cash and no debt.010820Q4 2025
- Revenue and net income surged, but leverage increased; 2025 outlook remains cautious.010820Q4 2024
Next FIRSTEC earnings date
Q3 202620 Nov, 2026
FIRSTEC
Next FIRSTEC earnings date
Q3 202620 Nov, 2026
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