Ecocab에코캡

Ecocab's trailing numbers have turned profitable after a loss-making 2025, but the shares have fallen sharply over the past year.

Ecocab, a KOSDAQ-listed maker of automotive electrical components such as wiring harnesses, wire and LED modules, reported trailing twelve-month revenue of about ₩145B and net income of about ₩9.9B as of H1 2026, after an operating loss in 2025. The share price closed at ₩960 on 2026-10-20, down 43.9% over one year and well below its 52-week high of ₩3,325. The data does not include any news headlines for the period.

What stands out

• Trailing operating margin is 5.7% and net margin 6.8%, compared with an operating loss of ₩3.2B and net loss of ₩2.5B for full-year 2025.
• Trailing net income is higher than trailing operating income, so non-operating items contributed to profit; the data does not explain their source.
• Borrowings of ₩32.6B exceed cash of ₩32.4B, and liabilities are 52.8% of equity.
• Trailing free cash flow of ₩32.0B is large relative to the company's operating income.
• Foreign ownership fell from 2.5% to 1.8% over about 60 days, and foreign investors were net sellers over the last 20 days.

What to watch

• Full-year 2026 results, since the trailing figures cover only the first half and the 2025 loss was recent.
• Amended half-year report filings, which may indicate changes to the figures already reported.
• Whether the profit recovery continues, given the sharp share price decline and the 2025 operating loss.
• Ownership disclosures from 5%+ holders appearing frequently in recent filings.