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Kencoa Aerospace (274090) investor relations material
Kencoa Aerospace Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
9M 2026 revenue rose to KRW83.75bn from KRW56.24bn YoY; operating income turned positive at KRW2.23bn, while net loss narrowed to KRW2.29bn from KRW5.76bn.
Q3 revenue was KRW26.05bn, operating income KRW0.83bn and net loss KRW3.57bn.
Financial highlights
9M gross profit was KRW12.72bn vs KRW3.64bn YoY; SG&A rose to KRW10.48bn from KRW9.64bn.
9M consolidated operating cash flow was KRW8.36bn vs outflow of KRW3.38bn; cash and equivalents ended at KRW20.28bn vs KRW24.27bn at FY2025-end.
Total assets were KRW226.56bn, liabilities KRW66.08bn and equity KRW160.48bn at Sep. 30, 2026.
Segment performance
9M revenue mix: U.S. civil/defense aircraft and launch-vehicle products KRW41.08bn (49%); space/aerospace materials KRW21.06bn (25%); MRO KRW12.99bn (16%); domestic aircraft products KRW8.62bn (10%).
Geographic revenue was KRW45.51bn U.S., KRW12.46bn Brazil, KRW11.62bn domestic, KRW11.27bn Singapore and KRW2.88bn other countries.
Direct overseas sales represented 86.1% of 9M revenue; domestic direct sales were 13.9%.
- H1 2026 saw a return to profitability and strengthened equity through bond conversions.274090
Q2 2026 - 2025 Q3 revenue fell to KRW 56.2B with a net loss of KRW 5.8B amid capacity expansion.274090
Q3 2025 - Q1 2025 revenue rose to KRW 16.88B, with improved margins and ongoing facility expansions.274090
Q1 2025 - Revenue fell but losses narrowed; capacity expansion and R&D investment continue.274090
Q2 2025 - Revenue down 26.5% YoY to ₩66.97B, net loss ₩1.77B, equity boosted by ₩130B bond issue.274090
Q3 2024 - H1 2024 saw revenue drop and a net loss, but new contracts and capital raise support future growth.274090
Q2 2024 - Recognized as a medium-sized enterprise, with diligent disclosure and compliance confirmed.274090
Q4 2025 - 2024 saw a revenue drop, deepening net loss, improved capital structure, and major shareholder change.274090
Q4 2024
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