Ildong Holdings일동홀딩스

Ildong Holdings has returned to profit on a trailing basis after several loss-making years, but its shares are down sharply over the past year.

The holding company's trailing twelve-month revenue is about ₩601B with operating income near ₩24B and net income near ₩22B as of H1 2026. Its 2025 full-year results were profitable, a clear shift from losses in 2021 to 2023 and a large 2024 operating loss. The share price of ₩5,880 sits well below its 52-week high of ₩17,170 and is down 29.1% over one year.

What stands out

• Trailing operating margin is about 4% and net margin about 3.6%, against negative margins in 2021 to 2023 and a small operating loss in 2024.
• Revenue fell 10.1% in 2025 to about ₩591B, following 3% growth in 2024.
• Borrowings of about ₩204B exceed cash of about ₩71B, and liabilities are 121.8% of equity.
• Trailing free cash flow is about ₩25B, and the filed valuation shows a 1.7% dividend yield.
• The filings list a September 2026 amended major matters report on put-back option and similar agreements, and a merger decision from April 2026; the data does not explain their terms or effect.

What to watch

• The full-year 2026 results and any further amendments to the put-back option agreements, which the data does not describe in detail.
• Whether revenue stabilises after the 2025 decline, given the trailing profit rests on a small margin.
• Debt levels relative to cash, and foreign ownership, which has eased from 2.9% to 2.3% over about 60 days.