MNC Solution (484870) Q2 2026 earnings summary

Executive summary

• Specializes in precision hydraulic and electric solutions for defense systems, with a focus on modernization and global competitiveness.

• Underwent a corporate split in December 2023, focusing on defense, with a new company for hydraulic equipment.

• Listed on the KOSPI market in December 2024; major shareholder holds 73.78%.

Financial highlights

• Revenue for H1 2026: KRW 159.6 billion, down from KRW 403.3 billion in H1 2025.

• Net income for H1 2026: KRW 16.0 billion, down from KRW 45.6 billion in H1 2025.

• Operating income for H1 2026: KRW 20.5 billion, down from KRW 56.1 billion in H1 2025.

• Cash and cash equivalents at June 2026: KRW 46.9 billion, down from KRW 86.2 billion at end-2025.

• Total assets at June 2026: KRW 365.3 billion; total equity: KRW 187.9 billion.

Outlook and guidance

• Continues to target stable growth through domestic and export defense contracts.

• Plans to expand into civilian and overseas markets leveraging accumulated technology.

• Ongoing investments in R&D and production capacity to support future contracts.