SolDefense솔디펜스

SolDefense is loss-making on a trailing basis after a sharp fall in its share price, with no recent news coverage in the data.

SolDefense, a KOSDAQ-listed defense contractor, posted a trailing twelve-month operating loss of ₩1.3B on revenue of ₩28.5B through H1 2026, following a profitable 2025 with net income of ₩3.1B. The shares closed at ₩1,299 on 26 October 2026, down 58.2% over one year and about 66% below the 52-week high of ₩3,840. The company profile in the data is brief and does not give product details.

What stands out

• Revenue has grown strongly over the last few years, from ₩8.7B in 2021 to ₩26.8B in 2025, though the 2025 growth rate of 23% was slower than 2024.
• Profitability has reversed: operating margin was 4.9% in 2025 but is -4.6% on a trailing basis to H1 2026, and 2024 net income of ₩11.0B was far above operating income, so earnings have been volatile.
• The balance sheet looks light: liabilities are 25% of equity, cash is about ₩15.7B against borrowings of about ₩1.7B, and trailing free cash flow is positive at about ₩3.0B.
• Trading interest is low: foreign ownership is 1.4%, up from 1.1% sixty days earlier, and the 20-day investor flows are small in won terms.
• Recent filings are mostly contract and shareholder-meeting notices, including several major sales or supply contracts between June and October 2026; the data does not say what these contracts are worth.
• Valuation metrics are mixed: price-to-book is 0.6 and price-to-sales is 1.1, while the trailing P/E is not meaningful because earnings are negative and the company pays no dividend.

What to watch

• The full-year 2026 results and the next half-year or quarterly filings, to see whether the H1 operating loss continues.
• Details of the recent major sales or supply contracts and the shareholder meeting agenda, which are not in the data.
• No news headlines were provided, so any company-specific developments beyond the filings are not covered here.