Kwangmu광무

Kwangmu's operations are loss-making, and its reported profit over the last twelve months rests on non-operating gains rather than core business.

Kwangmu, a KOSDAQ-listed electronics company, reported trailing revenue of about ₩5.8B to H1 2026 against an operating loss of about ₩3.8B, a -65.2% operating margin. Its trailing net income of about ₩30.6B is far above operating results, which the data does not explain. The shares closed at ₩1,287 on 2026-10-19, down 45.9% over one year and well below the 52-week high of ₩2,850.

What stands out

• Trailing operating income is negative at about -₩3.8B, and operating losses have run in every year shown from 2021 to 2025, though 2022 was slightly positive.
• Trailing net income of about ₩30.6B is much larger than the operating loss, so the profit likely comes from items outside core operations; the data does not break this down.
• Trailing free cash flow is about -₩0.9B, and cash is about ₩3.9B with no borrowings recorded, while liabilities are 15.5% of equity.
• Valuation metrics are low on paper (P/E 2.5, P/B 0.3), but these reflect the unusual earnings and the company's losses rather than a clear signal.
• Filings in 2026 include an acquisition of shares in another company, a transfer of equity securities, an asset acquisition and transfer merger completion, and a rise in short-term borrowings, though the data gives little detail on these.

What to watch

• The next quarterly or annual results, to see whether operating losses continue and whether the trailing net profit repeats.
• Details of the 2026 share acquisition, asset transfer merger and short-term borrowing increase, which the data does not describe in full.
• Foreign ownership fell from 0.9% to 0.7% over 60 days, and the company has no English profile or news coverage in the data, so limited information is available.