Polaris AI폴라리스AI

Polaris AI is loss-making on a trailing basis, with revenue down sharply over the past year and the share price far below its 52-week high.

Polaris AI runs a fashion and culture bag-distribution business alongside an AI and IT services business that mainly serves Korean public-sector customers. For the twelve months to H1 2026 it reported revenue of ₩42.6B, an operating loss of ₩3.1B and a net loss of ₩3.8B. The share price closed at ₩5,720 on 23 October 2026, with a market value of about ₩82.3B.

What stands out

• Trailing revenue is ₩42.6B, and 2025 revenue fell 17.8% year on year, continuing a decline from ₩85.7B in 2021.
• Operating margin is -7.2% on a trailing basis, and free cash flow is negative at about -₩4.1B.
• Cash of ₩7.8B is above borrowings of ₩6.8B, and liabilities to equity is 19%.
• The share price is down 50.3% over one year but up 27.4% over three months, and the 52-week low is listed as ₩0 in the data, which looks like a data gap.
• Two filings in the last few days concern a change of largest shareholder and a 5%+ holding report, and foreign ownership fell from 0.6% to 0%.

What to watch

• The half-year and next quarterly filings, to see whether losses narrow from the trailing figures.
• Follow-up on the change of largest shareholder and the 5%+ holding report filed on 23 October 2026.
• The April 2026 trading halts and share cancellation decision, which the data does not explain in detail.