VINA TECH (126340) Q2 2026 earnings summary

Executive summary

• Specializes in supercapacitors and hydrogen fuel cell components, with global expansion and strong R&D focus.

• Listed on KOSDAQ since 2020, with significant investments in production capacity and overseas subsidiaries.

• High export dependency (over 93%), with most sales denominated in USD.

Financial highlights

• 2026 H1 consolidated revenue: KRW 60.75 billion, down 26% year-over-year.

• Operating loss: KRW 1.04 billion (vs. profit of KRW 1.77 billion in 2025 H1).

• Net loss: KRW 40.49 billion (vs. net loss of KRW 7.00 billion in 2025 H1).

• Gross margin declined to 22.6% from 32.2% year-over-year.

• EPS: -5,642 KRW (vs. -960 KRW in 2025 H1).

• Cash and cash equivalents at period end: KRW 5.36 billion.

Outlook and guidance

• Continued investment in R&D and production capacity, especially in Vietnam.

• Plans to expand system-level solutions and strengthen hydrogen fuel cell business.

• Issued new convertible bonds post-period for facility and working capital (KRW 22 billion).