People & Technology피엔티

PNT's shares have recovered from their 52-week low, but revenue fell sharply in 2025 and trailing profits rest on a heavily indebted balance sheet.

PNT is a Korean maker of precision process equipment, including electrode manufacturing machines for batteries and equipment for electronic materials. Trailing results to H1 2026 show revenue of about ₩699B, operating income of ₩71B and net income of ₩83B, with a 10.2% operating margin. Borrowings of ₩472B against cash of ₩216B and negative trailing free cash flow of about ₩-29B are the key balance-sheet points in the data.

What stands out

• Revenue fell 28% in 2025 to ₩745B after an 89.8% jump in 2024 to ₩1.04T, showing how lumpy the business is.
• Trailing net income of ₩83B is higher than trailing operating income of ₩71B, so non-operating items or other factors may be contributing; the data does not explain why.
• Liabilities are 170% of equity and borrowings are about ₩472B, while trailing free cash flow is negative at about ₩-29B.
• The share price is ₩30,500, up 4.5% over one month and 7.6% over three months, but down 27.2% over one year and well below its 52-week high of ₩62,000.
• Recent filings include a major sales or supply contract (September 2026, amended September 9), share buyback decisions and results, and a half-year report for June 2026.
• Foreign ownership fell from 6.6% to 3.4% over 60 days, while the 20-day flows show foreign investors net sellers and retail investors net buyers.

What to watch

• The H1 2026 half-year report details and whether revenue recovers from the 2025 decline.
• Whether the disclosed major supply contract and share buyback activity translate into revenue and cash flow.
• Debt levels and negative free cash flow, which the data flags as the main financial risks; no news headlines were provided in the data.