Kencoa Aerospace (274090) Q2 2026 earnings summary

Executive summary

• The company operates in aerospace, focusing on aircraft parts manufacturing, MRO, raw material supply, and UAM/drone development, with a global presence in Korea and the US.

• Major customers include Boeing, Airbus, Lockheed Martin, NASA, and domestic aerospace firms.

• The largest shareholder changed to Kepler Co., Ltd. in April 2024.

Financial highlights

• Consolidated revenue for H1 2026 was KRW 57.7 billion, down from KRW 76.4 billion in H1 2025.

• Operating income for H1 2026 was KRW 1.4 billion, a turnaround from a KRW 9.2 billion loss in H1 2025.

• Net income for H1 2026 was KRW 1.27 billion, compared to a net loss of KRW 15.47 billion in H1 2025.

• Cash and cash equivalents at June 30, 2026, were KRW 23.3 billion.

• Total assets at June 30, 2026, were KRW 240.7 billion; total equity was KRW 173.3 billion.

Outlook and guidance

• The company is expanding production capacity in Korea and the US to meet increasing order volumes and new business opportunities.

• Ongoing R&D in advanced manufacturing, UAM, and satellite components, with several government-supported projects underway.