iA아이에이

iA is loss-making with shrinking revenue, heavy borrowings and a rights offering in the filings, and its shares have fallen sharply over the past year.

iA is a Korean electronic components company making power semiconductors and modules for automotive, EV, solar and appliance uses. Over the trailing twelve months to H1 2026, revenue was ₩75B with an operating loss of ₩2.2B and a net loss of ₩24B, and borrowings stand at ₩44B against cash of ₩2.7B. The share price closed at ₩3,130 on 2026-10-23, down 64.8% over one year.

What stands out

• Revenue has fallen for several years, from ₩81B in 2021 to ₩41B in 2025, and operating losses have been recorded in each year since 2022 except for profit in 2021.
• Trailing net margin is -32.3% and free cash flow is about -₩6.2B, so the business is not currently generating cash.
• Liabilities are 151.9% of equity and ROE is -37.4%, leaving a thin balance sheet against debt of ₩44B.
• The company pays no dividend, and its price-to-book ratio of 0.4 reflects the losses and the share price fall rather than any forecast.
• Foreign ownership is 0%, and recent 20-day investor flows show foreign net buying of about ₩80M against retail net selling of about ₩86M, which is small in size.
• No news headlines were included in the data for this period, so the recent news flow cannot be assessed.

What to watch

• Filings show a rights offering (paid-in capital increase) decision and securities registration statements in September and October 2026, with amendments; the size, pricing and use of proceeds are not in the data and are worth checking in the filings.
• Whether revenue and operating results improve in upcoming reported periods, since the data shows losses across recent years.
• Insider shareholding reports have been filed frequently since early September 2026; the reasons are not stated in the data.