Hydro Lithium하이드로리튬

Hydro Lithium is loss-making and its share price has fallen sharply over the past year, with a share consolidation and shareholder meeting now in progress.

Hydro Lithium makes battery-grade lithium hydroxide and carbonate at its Geumsan plant, while its older anchor, retaining wall and bridge cable businesses are being scaled down. On trailing twelve months to H1 2026 it reported revenue of about ₩3.3B against an operating loss of about ₩14.4B and a net loss of about ₩39.9B. The shares closed at ₩487 on 2026-10-19, down 80.6% over one year and near the 52-week low of ₩455.

What stands out

• Trailing revenue of about ₩3.3B is far below the ₩22.9B reported for 2023 and ₩8.5B for 2024, and 2025 revenue fell 60.2%.
• Operating margin is about -444% on a trailing basis, and free cash flow is about -₩11.8B, while cash is only about ₩13M against borrowings of about ₩7.4B.
• Liabilities are about 208% of equity, and ROE is -73.6% on a trailing basis.
• Filings show a share consolidation decision and a shareholder meeting notice, with amended proxy documents through 12 October 2026.
• An exchange notice on 21 August 2026 flagged the company as under management because its share price is below ₩1,000. The data includes no news headlines for the period.
• Foreign ownership rose from 3.6% to 5% over 60 days, while 20-day net flows from foreign, institutional and retail investors were all negative.

What to watch

• Details and outcome of the share consolidation and the shareholder meeting, as set out in the filings.
• Whether the company can address its under-management designation and whether any further exchange notices follow.
• Next financial results and cash position, given the negative free cash flow and borrowings relative to cash. Forward forecasts are not in the data.