IL아이엘

IL's revenue is near ₩100B but it is still loss-making, and its share price has risen sharply over the past year despite the weak profits.

IL, a KOSDAQ-listed maker of LED lighting and silicone lenses, reported trailing twelve-month revenue of about ₩98.6B to H1 2026, with an operating loss of ₩5.2B and a net loss of ₩10.4B. Its 2025 full-year results were also loss-making after a profitable 2024, and free cash flow over the trailing period was negative at about -₩30.4B. The shares closed at ₩5,530 on 2026-10-20, up 115.2% over one year but down 6.7% over one month.

What stands out

• Revenue grew 23.2% in 2025 to about ₩102.9B, but the operating margin fell to -8.3% from a 6.0% profit in 2024.
• Trailing net margin is -10.6% and ROE is -38.2%, so the company is not currently earning a profit on its equity.
• Liabilities are 288.2% of equity and the company reports cash of about ₩3.4B; borrowings are not reported in the data.
• Recent filings include a convertible bond buy-back decision, a short-term borrowing increase and share acquisitions in another company, pointing to ongoing financing activity.
• Insider and chairman share purchases were reported in mid-October, and news coverage links the company to humanoid robot and battery materials work.

What to watch

• Next periodic results and whether operating losses narrow from the trailing figures.
• Follow-up on the convertible bond buy-back and the short-term borrowing increase, given the high liabilities-to-equity ratio.
• Foreign ownership fell from 2.2% to 1.5% over 60 days, and retail investors were net sellers over the last 20 days; the data does not explain the cause.