Dragonfly GF드래곤플라이

Dragonfly GF is under exchange delisting review and remains loss-making, with a share price that shows no movement over the period in the data.

Dragonfly GF, a KOSDAQ-listed games and materials company, reported trailing twelve-month revenue of ₩13.2B to H1 2026 against an operating loss of ₩2.0B and a net loss of ₩8.1B. Filings show the company is going through a listing-eligibility review, with a delisting notice, a share cancellation decision and an improvement plan submitted. The share price was ₩973 on 2026-10-27, and the 1-month, 3-month and 1-year returns are all shown as 0%.

What stands out

• Revenue has fallen sharply from ₩25.6B in 2024 to ₩15.9B in 2025, and trailing revenue to H1 2026 is ₩13.2B.
• Losses are large relative to sales: trailing operating margin is -15.3% and net margin is -61.7%.
• Liabilities are 162.9% of equity and borrowings are ₩3.2B against cash of ₩2.9B; trailing free cash flow is negative at ₩-0.4B.
• Filings include a delisting notice dated 2026-09-28, an amended delisting filing on 2026-09-29, and a share cancellation decision on 2026-10-07.
• The company has no dividend yield, and the data gives no price-to-earnings figure because earnings are negative; price-to-book is 3.2.
• Foreign ownership is 1.8% and unchanged over 60 days; the data shows no recent news headlines.

What to watch

• Whether the exchange accepts the submitted improvement plan and what happens to the delisting process, as shown in upcoming filings.
• Details of the share cancellation decision and what it means for the number of listed shares, which the data does not explain.
• The next quarterly or annual results, to see whether revenue and losses improve from the trailing figures; the data does not include forecasts.