KPM Tech케이피엠테크

KPM Tech is loss-making on a trailing basis, with a rights offering and convertible repricing in progress and the shares down 72% over the past year.

KPM Tech, a KOSDAQ-listed maker of plating chemicals and electroplating equipment, reported a trailing twelve-month revenue of ₩82B for the half year to June 2026 but an operating loss of ₩10B and a net loss of ₩32B. The company's filings show a heavy recent sequence of capital-raising steps, and the shares closed at ₩5,010 on 26 October 2026, a market capitalisation of about ₩43B.

What stands out

• Trailing revenue of ₩82B is up from ₩28.6B in 2024 and ₩76.9B in 2025, but operating margin is -12.4% and net margin is -39.6% on the trailing figures.
• Borrowings of ₩12.6B exceed cash of ₩6.7B, and liabilities are 125.4% of equity; trailing free cash flow is -₩13.3B.
• Recent filings include a rights offering (paid-in capital increase) decision, an amendment to it, an adjustment of the conversion price, and a securities issuance result.
• The filings also list an acquisition of shares in another company and a trading halt on 23 June 2026, with no reason stated in the data provided.
• Foreign ownership is 0% and short balance is 0%; over the last 20 days retail investors were net sellers while foreign and institutional investors were net buyers, though amounts are small.

What to watch

• Details and timing of the rights offering and the conversion price adjustment, including how much new capital could dilute existing shareholders.
• Whether the company returns to operating profit, since it has reported operating losses in every year from 2021 to 2025 apart from a small loss in 2022 that was still negative.
• Next periodic filings, and any further news, as the data includes no recent news headlines and no analyst coverage.