I-Robotics아이로보틱스

I-Robotics is loss-making at the operating line over the last twelve months, though it reported a small net profit, and its shares have swung sharply.

The company distributes polyethylene raw materials and makes industrial PE films, with sales mostly in Korea. Trailing twelve-month revenue to H1 2026 was about ₩40.0B, with an operating loss of about ₩0.5B and a net profit of about ₩1.1B, and free cash flow was negative at about -₩5.5B. At ₩1,935 the shares are about 62% below the 52-week high of ₩5,080 but well above the low of ₩1,002.

What stands out

• Trailing operating margin is -1.2%, while the net margin is 2.7%, so the reported net profit is not coming from core operations according to the figures given.
• Annual revenue has been roughly flat at about ₩36B to ₩37B across 2021 to 2025, and operating margins have stayed below 3%.
• Valuation is high relative to earnings: trailing P/E is 69.4 and P/B is 1.7, with no dividend.
• The filings list several lawsuit filings or rulings in July to October 2026, and two exchange inquiries about news reports or price moves.
• Foreign ownership fell from 7.9% to 3.5% over the past 60 days, while the 20-day flows show retail investors net sellers.

What to watch

• The amended half-year report (Jun 2026) filed on 7 October 2026 and any further corrections to the financials.
• Details and outcomes of the recent lawsuits, which the data does not describe.
• Whether operating profit turns positive and free cash flow improves, given the negative trailing figures.