Anam Electronics아남전자

Anam Electronics is loss-making on a trailing basis after revenue fell sharply from its 2021-2022 peak.

Anam Electronics, a Korean audio products maker that sells mainly overseas on an ODM basis, reported a trailing operating loss of about ₩1.0B on ₩140.9B of revenue for the twelve months to H1 2026, after profits in 2024 and 2025. The shares closed at ₩1,203 on 27 October 2026, down 6.3% over one year and well below the 52-week high of ₩1,938. The data does not include any analyst forecasts or company guidance.

What stands out

• Revenue has fallen for several years, from ₩371.8B in 2022 to ₩151.4B in 2025, and trailing revenue is ₩140.9B.
• The business swung from a ₩4.1B net profit in 2025 to a trailing net loss of ₩219.7B, which is the sharpest change in the data.
• Cash of ₩22.2B is listed with no borrowings reported, while liabilities are 80.8% of equity.
• Valuation metrics are extreme because earnings are small or negative: the price-to-book ratio is about 1,037x and EV/EBITDA about 41,202x, and there is no P/E.
• Foreign ownership rose slightly to 1.5%, and 20-day flows show retail investors net sellers of about ₩955M, with institutions net buyers of about ₩654M.
• Recent filings include a buyback trust contract signed in May and terminated in July 2026, a tender offer and treasury stock results in April 2026, and an amended half-year report in September 2026.

What to watch

• Whether the trailing operating loss narrows in the next reported periods, since the data shows no forecasts.
• The status of the share buyback trust, including the 27 October 2026 status report on acquisition under the trust agreement.
• Customer concentration and overseas demand for audio products, which the profile identifies as key but the data does not quantify.