Enplus이엔플러스

Enplus remains loss-making on a trailing basis, with heavy borrowings and a share price flat over the periods shown.

Enplus, a Korean maker of fire-fighting vehicles and battery heat-dissipation materials, reported trailing twelve-month revenue of about ₩27.6B and an operating loss of about ₩0.2B through H1 2026, with a net loss of about ₩11.0B. Borrowings of about ₩14.4B exceed cash of about ₩0.4B, and free cash flow was negative about ₩4.9B. The share price was ₩5,110 on 2026-10-27, with no change over one month, three months or one year in the data.

What stands out

• Revenue fell sharply in 2025 to about ₩29.5B, down 49.4% from 2024, after a 2024 peak near ₩58.3B.
• 2025 was the only year in the annual data with a positive net income (about ₩0.8B), though operating income was still negative at about -₩2.8B.
• Trailing ROE is -81.2% and liabilities are 141.8% of equity, so the balance sheet carries significant leverage.
• Foreign ownership is 2.3% and unchanged over 60 days; 20-day flows were small, with foreign buying slightly ahead of retail and institutional selling.
• Recent filings are mostly governance and legal items: several lawsuit filings or rulings, a shareholders' meeting notice and a change of representative director. No news headlines were provided.

What to watch

• The next half-year or annual results and whether operating losses narrow from the current trailing level.
• Outcomes of the lawsuits listed in recent filings, and the details of the shareholders' meeting agenda.
• Funding needs given negative free cash flow and borrowings well above cash, including any refinancing or capital-raising filings.