NRobotics앤로보틱스

NRobotics shares have risen sharply over the past year, while its filed profit and cash-flow figures show a mixed picture.

NRobotics makes food processing and automated production machinery, mainly for domestic food manufacturers, on a made-to-order basis. Trailing twelve-month revenue to H1 2026 was about ₩34.6B, with operating income of ₩2.3B and net income of ₩6.8B, while free cash flow was negative at about -₩1.6B. The share price closed at ₩2,035 on 2026-10-26, up 168.8% over one year but well below its 52-week high of ₩4,980.

What stands out

• Trailing operating margin is 6.7%, a clear improvement on the 2.5% reported for full-year 2025, but net income is far above operating income, so the profit figure may depend on items outside core operations.
• Full-year 2025 net income of ₩6.9B came on operating income of only ₩0.6B, and 2024 net income was ₩4.6B despite an operating loss, which the data does not explain.
• Borrowings of ₩24.4B exceed cash of ₩6.6B, and liabilities are 39.3% of equity.
• Trading valuation shows a P/E of 26.5 and P/B of 1.9, while the dividend yield is 0%.
• Recent filings include a half-year report, a share cancellation decision, rights offering and merger completion filings, and several 5%+ holding reports; the news data contains only one headline, a technical-chart mention from Maeil Business Newspaper.

What to watch

• The next half-year or quarterly filings, to see whether operating profit is holding up and whether free cash flow turns positive.
• Details of the rights offering and share cancellation, which could affect the share count and capital structure; the filings data does not give their terms.
• Whether foreign ownership, currently 5%, changes meaningfully, given recent 5%+ holding reports.