Asia Seed아시아종묘

Asia Seed is loss-making on a trailing basis, with revenue sharply lower and the share price down about 30% over the past year.

Asia Seed sells vegetable and crop seeds to farmers in Korea and exports to several regions. Its trailing twelve-month figures to H1 2026 show revenue of about ₩5.6B, an operating loss and a net loss of about ₩1.3B, with the 2025 revenue drop of about 86% being the sharpest change in the filed numbers. The share price is ₩1,522, near the lower half of its 52-week range of ₩1,452 to ₩3,000.

What stands out

• Revenue fell from ₩24.6B in 2024 to ₩3.5B in 2025, and trailing revenue to H1 2026 is ₩5.6B, so the business is much smaller than in earlier years.
• Operating losses have been reported in every year shown from 2022 onward, and the trailing net loss is about ₩1.3B against a trailing operating loss of about ₩141M.
• The company holds ₩1.2B in cash against ₩3.0B in borrowings, and liabilities are 73.2% of equity.
• Price-to-book is about 0.7 and there is no dividend, while the data gives no usable earnings-based valuation because earnings are negative.
• Foreign ownership fell from 1.4% to 1.0% over about 60 days, and 20-day flows show net retail selling of about ₩8.3M, with foreign buying of about ₩8.2M.

What to watch

• The full-year 2026 results and any explanation of the revenue decline, since the data does not state the cause.
• Further 5%+ holding reports, of which several were filed in June and July 2026.
• Whether trailing free cash flow of about ₩155M is sustained, given the net loss and borrowings.