LS NetworksLS네트웍스

LS Networks shows thin margins, a net loss over the last twelve months and heavy borrowings, with the share price down about 21% over the past year.

LS Networks reported trailing twelve-month revenue of about ₩5.7T but only ₩80B of operating income and a small net loss of about ₩6B through H1 2026. Borrowings of about ₩4.7T are large relative to cash of about ₩152B, and liabilities are roughly 10.8 times equity. The data does not describe the company's business lines, products or customers in enough detail to say more about what drives revenue.

What stands out

• Revenue grew 35% in 2025 to about ₩2.6T, but the company posted a net loss of about ₩32B that year after a ₩45B loss in 2024.
• Trailing operating margin is about 1.4% and net margin is slightly negative at -0.1%, so little of the revenue reaches profit.
• Liabilities-to-equity is about 1083%, and borrowings of roughly ₩4.7T dwarf cash of about ₩152B.
• The shares closed at ₩2,750 on 2026-10-26, down 20.6% over one year and 7.7% over three months, with a 52-week range of ₩2,560 to ₩4,965.
• Price-to-book is about 0.2, and the company pays no dividend, according to the data provided.
• Foreign ownership is 0.8% and unchanged over 60 days; 20-day flows show foreign net selling of about ₩213M and retail net buying of about ₩200M.

What to watch

• The next quarterly report and any change in the net loss, given the thin margins and high borrowings.
• The lawsuit disclosed on 2026-08-14; the data does not say what it concerns or its potential impact.
• Management and governance filings, including the March 2026 change of representative director; the data gives no further detail on business strategy or outlook.