SIMMTECH (222800) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 was KRW 936.9 billion, down from KRW 1,410.6 billion in FY2025, but operating income surged to KRW 76.6 billion from KRW 11.9 billion in FY2025, reflecting improved profitability.

• Net income attributable to controlling interests reached KRW 59.4 billion, a significant turnaround from a net loss of KRW 164.2 billion in FY2025.

• The company maintained a strong export orientation, with 87.3% of sales from overseas markets in H1 2026.

Financial highlights

• Gross margin improved to 36.4% in H1 2026, up from 31.7% in H1 2025.

• Debt-to-equity ratio stood at 183.1% at June 2026, up slightly from 181.1% at December 2025.

• Cash and cash equivalents increased to KRW 91.1 billion from KRW 54.0 billion at year-end 2025.

• R&D expenses for H1 2026 were KRW 29.2 billion, representing 3.12% of sales.

Outlook and guidance

• The company is focused on expanding high-value System IC substrate sales and maintaining leadership in memory module PCBs.

• Ongoing investments in capacity and technology are expected to support growth in computing and communication PCB markets, which are forecasted to grow at double-digit rates through 2030.