Woory Industrial우리산업

Woory Industrial shows a thin but positive profit base in the first half of 2026, while the share price has fallen 28.6% over the past year.

Woory Industrial, a KOSDAQ-listed maker of vehicle climate control parts, reported trailing twelve-month revenue of ₩508.8B and net income of ₩21.2B to H1 2026, with an operating margin of 3.8%. Debt is high relative to equity at 197.5% liabilities to equity, and the stock trades near its 52-week low at ₩6,100 against a high of ₩10,400.

What stands out

• Trailing operating income of ₩19.5B and net income of ₩21.2B compare with a 2025 full-year operating income of ₩18.7B and net income of ₩14.0B.
• Revenue grew 4.2% in 2025 after 10.5% in 2024, but operating margins have stayed thin, between 2.9% and 4.4% in the last three full years.
• Borrowings are ₩113.9B against cash of ₩10.6B, and the filings do not give a detailed breakdown of the debt terms.
• Trailing free cash flow is ₩13.6B, and the stock offers a 3.3% dividend yield at a P/E of 2.6 and P/B of 0.4.
• Foreign ownership fell from 3.0% to 2.4% over the last 60 days, and foreign investors were net sellers over the past 20 days.

What to watch

• The Q3 2026 quarterly report and any change to the margin or profit trend, which the data does not yet include.
• Filings on the October 2026 share acquisition decision and the ongoing insider shareholding reports, which may signal changes in ownership.
• Debt-related filings, including the May 2026 loan provision amendment and the guarantee of another party's debt, given the high leverage.