People & Technology Ms피엔티엠에스

People & Technology Ms is still loss-making on a trailing basis, with revenue sharply lower than 2023-24 and an embezzlement suspicion filing in July 2026.

The company builds battery separator and display production equipment for Korean battery and display makers. On a trailing twelve-month basis to H1 2026 it reported revenue of ₩11.2B, an operating loss of ₩2.3B and a net loss of ₩5.4B, with borrowings of ₩15.4B against cash of ₩13.6B. The share price is ₩1,807, down 25.8% over one year.

What stands out

• Revenue fell 57.7% in 2025 to ₩11.1B after a ₩26.2B peak in 2024, and the company posted operating losses in four of the last five years.
• 2024 was the only profitable year in the table, with a 4.5% operating margin, before losses returned in 2025.
• Liabilities are 155.5% of equity and free cash flow over the trailing period was negative ₩1.5B.
• Filings in July 2026 cite a suspicion of embezzlement or breach of trust, and an amended version was filed the next day.
• Recent filings also include convertible bond activity, a conversion price adjustment and an amended major supply contract, while the data shows no news headlines.

What to watch

• The next quarterly or annual results and whether losses narrow from the trailing figures shown.
• Follow-up filings on the embezzlement or breach of trust suspicion and any effect on finances or management.
• Convertible bond conversion and dilution, and whether borrowings can be serviced from the ₩13.6B cash balance.