Commax코맥스

Commax is loss-making and its filings point to listing-eligibility review and rising short-term borrowings.

Commax, a Korean maker of smart home and security products, reported trailing twelve-month revenue of ₩82.2B and an operating loss of ₩5.5B through H1 2026. Revenue has fallen for several years and losses have persisted, with borrowings of ₩29.0B against cash of ₩5.8B. Recent filings relate to a KOSDAQ listing-eligibility review, an improvement plan, and new short-term borrowings.

What stands out

• Revenue fell 27.3% in 2025 to ₩85.1B, following declines in 2024 and 2023, and operating losses have been recorded in every year from 2021 to 2025.
• TTM operating margin is -6.7% and net margin is -11.3%, with TTM free cash flow of -₩22.6B.
• Liabilities are 191.6% of equity, and the company has taken on several short-term borrowing decisions in July and August 2026.
• KOSDAQ committee filings in July and August 2026 relate to a substantive review for listing eligibility, a granted improvement period, and a trading halt on August 24, 2026.
• Shares closed at ₩2,885 with a market cap of ₩125.7B; price returns over 1 month, 3 months and 1 year are shown as 0% and no news headlines were supplied.

What to watch

• Outcome of the KOSDAQ listing-eligibility review and the improvement period granted in August 2026.
• Status of the trading halt and any further filings on the short-term borrowings and the share acquisition.
• Next periodic results, since the data does not include a forecast or analyst estimates.