Bankware Global뱅크웨어글로벌

Bankware Global posted a narrower loss in 2025 than in 2024 and is still unprofitable, while its share price has swung sharply over the past year.

Bankware Global sells core banking software and related services to Korean and overseas financial institutions. On a trailing twelve-month basis to H1 2026 it had revenue of about ₩70.9B, an operating loss of about ₩3.0B and a net loss of about ₩1.7B, with cash of ₩17.1B against borrowings of ₩1.7B. The share price is ₩3,860, well below its 52-week high of ₩7,670 though up 44.6% over three months.

What stands out

• Revenue rose 26.4% in 2025 to ₩63.4B, and the operating loss narrowed from ₩14.9B in 2024 to ₩4.4B in 2025.
• Trailing operating margin is -4.2% and free cash flow is negative at about ₩4.2B, so the business is not yet self-funding on this measure.
• Liabilities are 155.6% of equity, but cash of ₩17.1B exceeds reported borrowings of ₩1.7B.
• Recent filings and headlines include a major sales or supply contract in October 2026 and news of a new operation and maintenance contract with Korea Exchange.
• Valuation shows price-to-book of 2.2 and price-to-sales of 0.6; price-to-earnings is not meaningful because the company is loss-making, and no dividend is paid.

What to watch

• Next results and any update to full-year 2026 figures, since the data shows losses but no forecasts.
• Whether announced contracts convert into revenue and whether operating losses keep narrowing.
• Shareholder and ownership changes, including recent insider and 5%+ holding reports, and the stock option grant notices.