The Lamy더라미

The Lamy is loss-making on a trailing basis after several years of revenue swings, and its filings show a trading halt and a designation-concern notice this year.

The Lamy runs cosmetics contract manufacturing, a scrap metal recycling business and a family hotel in Gapyeong-gun. Over the last twelve months to H1 2026 it reported revenue of ₩48.0B, an operating loss of ₩2.0B and a net loss of ₩6.3B, with negative free cash flow of ₩4.6B and cash of ₩1.1B. At a share price of ₩3,640 the market cap is ₩29.4B, and the shares are down 49.4% over one year but up 30.5% over one month.

What stands out

• Revenue fell 27% in 2025 to ₩50.9B after a 36.9% jump in 2024, and the company swung from a ₩2.5B net profit in 2024 to a ₩4.6B net loss in 2025.
• Trailing operating margin is -4.3% and net margin is -13.1%, so losses are coming from both operations and below the operating line.
• Valuation metrics are low on book and sales (P/B 0.6, P/S 0.6), but P/E is not meaningful because earnings are negative, and the company pays no dividend.
• Foreign ownership dropped from 0.7% to 0.1% over about 60 days, while the 20-day investor flow data shows foreign buying of about ₩42M and retail selling of about ₩107M.
• The filings list an amended H1 2026 half-year report, a trading halt on 28 August 2026 and an August notice about a designation concern tied to a share price below ₩1,000. The data does not explain the reason for the halt or the current status of the designation, and no news headlines were provided.

What to watch

• The reason for the 28 August 2026 trading halt and the content of the amended H1 2026 report, which the data does not give.
• Whether the designation concern (under management, share price below ₩1,000) is resolved or changes, since the current price is well above that level.
• Cash of ₩1.1B against negative free cash flow of ₩4.6B and no borrowings listed, and whether losses continue in upcoming results.