Dexter studios덱스터

Dexter Studios remains loss-making and its shares have fallen sharply over the past year, though the filings show a share consolidation and ongoing project work.

Dexter Studios, a Korean content studio offering VFX, post-production, film and drama production, advertising and an immersive art museum, reported trailing twelve-month revenue of ₩49.2B to H1 2026 but an operating loss of ₩7.6B and a net loss of ₩5.6B. Its shares closed at ₩968 on 2026-10-27, down 80.9% over one year, with a market capitalisation of about ₩24.6B. The company is in the middle of a shareholders' meeting process that includes a share consolidation decision.

What stands out

• Trailing revenue of ₩49.2B is below 2025's ₩55.4B, and the operating margin is -15.4%, worse than 2025's -11.7%.
• Free cash flow is negative at -₩25.5B against cash of ₩12.4B and borrowings of ₩32.3B, with liabilities at 212.5% of equity.
• The share price is ₩968, versus a 52-week range of ₩781 to ₩5,590, and the company received a KOSDAQ notice about share prices below ₩1,000.
• Foreign ownership fell from 3.9% to 1.1% over 60 days, and the 20-day flows data shows foreign and institutional selling with retail buying.
• Recent news covers VFX and DI work on Yeon Sang-ho's film 'Paradise Lost' and investment in the third 'Along with the Gods' installment.

What to watch

• Outcome of the shareholders' meeting and the share consolidation decision, as listed in the recent filings.
• Next periodic results and whether the operating and net losses narrow from the trailing figures.
• Debt repayment capacity given negative free cash flow and borrowings above cash; the data does not include a going-concern statement or forecasts.