Cosmo Advanced Materials & Technology코스모신소재

Cosmo Advanced Materials is barely profitable on a trailing basis, with revenue shrinking and a net loss over the last twelve months.

Cosmo Advanced Materials & Technology makes cathode active materials for batteries, release films for MLCC capacitors, and toner, with cathode materials about 72% of sales. Trailing twelve-month revenue is ₩482.7B with an operating income of ₩6.3B (1.3% margin) but a net loss of ₩7.1B. The share price is ₩40,700, down 30.3% over one year but up 5% over three months, and well below its 52-week high of ₩66,400.

What stands out

• Trailing revenue of ₩482.7B is above 2025's ₩456.3B, but still well below 2023's ₩629.6B peak; 2025 revenue fell 19.9%.
• Operating margin has compressed from 7.1% in 2021 to 1.3% on a trailing basis, and the company posted net losses in both 2025 and the latest twelve months.
• Borrowings of ₩216.4B exceed cash of ₩128.1B, and liabilities are 58.3% of equity.
• Trailing free cash flow is about ₩9.9B, positive but small against the debt load.
• Recent filings include several 5%+ holding reports, an amended half-year report, and preliminary earnings released on 22 July 2026; no news headlines were supplied.

What to watch

• The next full-year and quarterly results, to see whether the operating margin recovers from around 1%.
• Whether borrowings are reduced or refinanced given the gap versus cash on hand.
• Foreign ownership (6.3%) and the continuing run of 5%+ holding reports; the data does not explain the reasons behind these filings.