The Asia Business Daily아시아경제

The Asia Business Daily returned to a trailing operating profit in H1 2026, but still posted a net loss and carries heavy liabilities.

On a trailing twelve-month basis to H1 2026, revenue was about ₩74.8B with operating income of ₩8.7B (11.6% margin), yet net income was a loss of ₩1.2B. The company reported ₩32.4B in cash and no borrowings, while liabilities were 209.3% of equity. The share price is ₩1,239, up 23% over three months but down 3.7% over one month, and the company pays no dividend.

What stands out

• Full-year 2025 showed revenue of ₩73.1B, down 6.2%, but operating income of ₩5.5B and net income of ₩3.1B, after large losses in 2023 and 2024.
• The trailing figures swing to a net loss of ₩1.2B despite positive operating income, a gap the data does not explain.
• Reported ROE is -1.3% on a trailing basis, against 3.4% for 2025.
• Valuation shows price-to-book of 0.6 and price-to-sales of 0.7, but no price-to-earnings figure because trailing earnings are negative.
• Filings in September and October 2026 include a capital reduction decision and a change of largest shareholder, and several 5%+ holding reports.
• No recent news headlines were included in the data.

What to watch

• Details and reasons behind the capital reduction decision and the change of largest shareholder, which are not explained in the data.
• Next periodic results, to see whether operating profit turns into net profit on a trailing basis.
• Foreign ownership fell from 0.2% to 0.1% over 60 days and the 20-day flows show net retail selling, so watch whether that trend continues.