Rftech알에프텍

Rftech's trailing revenue is still about ₩257B, but losses have deepened and a subsidiary has entered rehabilitation proceedings.

Rftech, a Korean maker of wireless accessories, 5G antenna modules, dermal fillers and display and semiconductor equipment, reported a trailing twelve-month operating loss of about ₩23.6B to H1 2026 on revenue of about ₩257B. The shares closed at ₩6,250 on 2026-10-19, down 46.4% over one year, with a market capitalisation of about ₩56.6B. Recent filings show a consolidated subsidiary filing for rehabilitation proceedings in October 2026.

What stands out

• Trailing net loss is about ₩31.0B (net margin -12.1%), against a net profit of about ₩4.0B in 2023, and 2025 also ended with a loss of about ₩27.5B.
• Revenue fell 25.8% in 2025 to about ₩266B, after a 14% rise in 2024, and the business has not returned to operating profit since 2024.
• The balance sheet shows cash of about ₩70.1B and no borrowings, with liabilities at 63.9% of equity, but trailing free cash flow was about -₩20.8B.
• The DCF-based fair value model gives a base of ₩9,132 (bear ₩5,863, bull ₩14,408), which sits above the ₩6,250 close in the base case; this is a model output, not a forecast.
• Foreign ownership is 0%, and the 20-day flows in the data show retail net selling of about ₩14.2B.

What to watch

• Details of the subsidiary's rehabilitation proceedings and any effect on consolidated results and cash, following the 13 October 2026 filing.
• The outcome of the shareholders' meeting and the securities registration filings from August to September 2026, which the data does not explain.
• The next periodic financial results, since the trailing figures show continuing operating losses and negative free cash flow.