VINA TECH (126340) Q3 2026 earnings summary

Executive summary

• 9M revenue was KRW 84.58bn versus KRW 59.44bn; operating loss was KRW 3.27bn versus operating income of KRW 1.11bn, and net loss widened to KRW 39.69bn from KRW 3.32bn.

• Supercapacitor system sales for data centers and continued Vietnam capacity expansion are central to growth plans; reported results also include a KRW 28.76bn disaster loss.

Financial highlights

• 9M consolidated revenue rose in reported amount to KRW 84.58bn from KRW 59.44bn; gross profit was KRW 18.95bn versus KRW 18.39bn.

• 9M operating loss was KRW 3.27bn versus operating income of KRW 1.11bn; net loss was KRW 39.69bn versus KRW 3.32bn.

• 9M other losses totaled KRW 30.67bn, including a KRW 28.76bn disaster loss; finance costs were KRW 16.67bn versus KRW 6.33bn.

• Consolidated operating cash flow was negative KRW 2.43bn; investing cash flow was negative KRW 97.85bn and financing cash flow was positive KRW 100.90bn.

Outlook and guidance

• Strategy targets growing demand for high-output supercapacitors in AI data centers, UPS and grid applications, with expansion from cell supply toward system-level solutions.

• Vietnam production expansion supports supply capacity; the Hưng Yên plant was completed in Sep 2026, and the supercapacitor MEA production line remains under investment.

• Hydrogen fuel-cell materials and components remain a longer-term growth focus, supported by continued R&D and in-house carbon support, catalyst and MEA capabilities.