Kec (092220) Q2 2026 earnings summary

Executive summary

• Specializes in non-memory power semiconductors, with global operations and exports to China, Japan, and the US, and a strong domestic presence in electronics and automotive sectors.

• Operates 11 overseas subsidiaries and sales networks, with major customers including leading Korean electronics firms.

• Recent strategic moves include a 5:1 reverse stock split and acquisition of KEC Thailand shares for business efficiency.

Financial highlights

• Consolidated revenue for H1 2026 was KRW 132.2 billion, down from KRW 229.6 billion in H1 2025.

• Operating loss for H1 2026 was KRW 8.1 billion, compared to a loss of KRW 21.8 billion in H1 2025.

• Net loss attributable to owners was KRW 7.8 billion for H1 2026, improved from KRW 26.6 billion loss in H1 2025.

• Basic and diluted EPS for H1 2026 were both -195 KRW (reflecting the stock split).

• Cash and cash equivalents at period end: KRW 13.0 billion, up from KRW 9.0 billion at 2025 year-end.

Outlook and guidance

• The global semiconductor market is forecast to grow 26.3% in 2026, with the SSTR segment (core market) expected to rise 5.1% year-over-year.

• Company aims to expand in automotive semiconductors and maintain R&D investment for product innovation.