i Craft아이크래프트

i Craft's share price has risen sharply over the past year, while its profit margins remain thin and free cash flow was negative in the first half of 2026.

i Craft is an IT services company offering AI infrastructure, cloud and network solutions, mostly to telecom carriers, enterprises and public institutions in Korea. Trailing results to H1 2026 show revenue of ₩193B...

What stands out

• Trailing revenue to H1 2026 is about ₩193.2B with operating income of ₩7.6B (3.9% margin) and net income of ₩5.4B (2.8% margin).
• Full-year 2025 revenue was ₩206.5B, up 105.5% from 2024, and net income was ₩10.1B, compared with a loss of ₩0.9B in 2024.
• Trailing free cash flow is negative at about -₩2.2B, and borrowings of ₩7.9B sit against cash of ₩14.1B.
• The shares closed at ₩5,910 on 2026-10-26, up 141.7% over one year but down 0.8% over one month, with a 52-week range of ₩2,250 to ₩8,610.
• Recent filings include several major sales or supply contracts in June and July 2026, a short-term borrowing increase in July, and preliminary and half-year results in August 2026.
• Foreign ownership rose from 3.5% to 7.6% over the past 60 days, while retail investors were net sellers over the last 20 days.

What to watch

• The next quarterly or annual results, and whether margins hold near the 3.9% operating level seen in trailing data.
• Whether free cash flow turns positive, given the negative trailing figure and the rise in short-term borrowings.
• The amended annual report for Dec 2025 filed on 2026-08-14, and any further contract announcements. The data includes no news headlines to add context.