Dasan Networks다산네트웍스

Dasan Networks returned to a positive operating profit on the trailing twelve months, but still reports a net loss and its share price is down over the past year.

Dasan Networks, a Korean network equipment maker with a range of other subsidiary businesses, reported trailing twelve-month revenue of about ₩572B and operating income of about ₩43.9B through H1 2026, though net income was a loss of about ₩18.9B. The shares closed at ₩2,405 on 2026-10-27, roughly ₩103B in market value, after falling 22.7% over one year and sitting well below the 52-week high of ₩6,050.

What stands out

• Revenue rose sharply in 2025 to about ₩542B, up 60.5%, after a 2024 jump of 265.8%, but 2023 and 2022 showed large swings and 2021 revenue was ₩469B.
• Operating margin turned positive in 2025 at 7.1% and is 7.7% on a trailing basis, while net margin remains negative at -3.3% on a trailing basis.
• Liabilities are 81.8% of equity, with about ₩57B in cash against about ₩15B in borrowings and trailing free cash flow of about ₩21B.
• Price-to-book is about 0.4 and the dividend yield is 0.8%; price-to-earnings is not meaningful given the losses.
• Recent filings include a rights offering (paid-in capital increase) decision in September 2026 that was later amended in October, and a loan provision decision amendment on 2026-10-23. Foreign ownership fell from 6.5% to 5% over the past 60 days, and foreign investors were net sellers over the last 20 days.

What to watch

• Terms, size and timing of the rights offering, since new share issuance could dilute existing holders; the data does not give the amount or price.
• Whether trailing operating profit converts into net profit, given the continuing net loss and the loan provision filing.
• Next periodic filings after the H1 2026 half-year report, and any news coverage; the news headline list in the data is currently empty, so no recent press coverage is available here.