Cellfie Global셀피글로벌

Cellfie Global remains loss-making on a trailing basis, with heavy losses, high leverage and pending share and bond issues flagged in filings.

Cellfie Global, a Korean smart card maker with card manufacturing at over 95% of sales, reported trailing twelve-month revenue of ₩37.8B to H1 2026 but an operating loss of ₩3.9B and a net loss of ₩10.9B. Liabilities are about 196% of equity, and the share price was ₩778 on 2026-10-22, with a market capitalisation of about ₩35.7B. The data does not include analyst views or forecasts.

What stands out

• Revenue in 2025 was ₩35.5B, up 5.3%, but the company has posted operating losses in 2021, 2024 and 2025 with only 2022 and 2023 profitable at the operating line.
• TTM net margin is -28.8% and ROE is -85.1%, so the losses are large relative to the business.
• Cash of ₩1.2B sits against borrowings of ₩3.4B, and the price-to-book ratio is 4.6.
• Recent filings include amended convertible bond and rights offering decisions, a major sales contract on 2026-07-21 and an amended one on 2026-09-10, plus lawsuit filings in June and September 2026.
• Foreign ownership is 1.8% and has been unchanged over 60 days; no news headlines were in the data.

What to watch

• The next half-year or annual results and whether losses narrow, since the data gives no forecasts.
• The terms and timing of the convertible bond and rights offering, which could dilute existing shareholders.
• The outcome of the lawsuit filings and whether the sales contracts translate into revenue, as the filing details are not included in the data.