CJ CGVCJ CGV

CJ CGV is growing revenue but still posts net losses, and its balance sheet carries heavy debt.

CJ CGV runs multiplex cinemas across South Korea, China, Vietnam, Indonesia and Türkiye, plus concessions, advertising and special-format screens. On trailing twelve-month figures to H1 2026 it had revenue of ₩2.42T and an operating margin of 4.6%, but a net loss of ₩83B. Shares closed at ₩4,970 on 2026-10-23, below the 52-week high of ₩6,660.

What stands out

• Revenue rose from ₩736B in 2021 to ₩2.28T in 2025, and operating income turned positive from 2023 onward.
• Net income has been negative in every year shown from 2021 to 2025, and the trailing figure to H1 2026 is also a loss of ₩83B.
• Liabilities are 412% of equity and borrowings are ₩354B against cash of ₩420B, so leverage is high.
• Trailing free cash flow was ₩145B, a positive figure despite the net loss.
• Recent filings are mostly debt guarantees for other parties, a capital reduction decision, lawsuit updates and related-party transactions; the news list in the data is empty, so no news context is available.

What to watch

• Upcoming results and whether net income moves back into profit given the consistent losses so far.
• Further filings on debt guarantees for other parties and the outcome of the lawsuits listed.
• The capital reduction decision and any effect it has on the share count or shareholder returns; the data shows a dividend yield of 0%.