OSP오에스피

OSP's trailing results have swung to a large net loss while the share price has fallen sharply over the past year.

OSP makes pet food on an ODM basis for other brands and sells its own INDIGO range, mostly online. Trailing twelve-month revenue is ₩27.1B with a small operating profit of ₩0.4B, but a net loss of ₩2.3B, and the shares closed at ₩1,875 on 30 October 2026, down 31.7% over one year. The data does not include a fair value estimate or analyst views.

What stands out

• Revenue fell 16.2% in 2025 to ₩25.4B after falling 13.8% in 2024, and the company reported an operating loss of ₩1.3B for 2025.
• The trailing net loss of ₩2.3B (net margin -8.4%) contrasts with the small trailing operating margin of 1.6%, so non-operating items or other charges weighed on the bottom line.
• Borrowings of ₩15.9B exceed cash of ₩10.1B, and liabilities are 47.1% of equity.
• Valuation shows a price-to-book of 0.7 and price-to-sales of 0.8, but no P/E because earnings are negative, and no dividend is paid.
• Filings in September and October 2026 include treasury stock results, a conversion price adjustment for the 2nd series, and a shareholder meeting notice, with no news headlines in the data.

What to watch

• The next results release and whether operating profit holds positive and the net loss narrows.
• The conversion price adjustment for the 2nd series and the outcome of the shareholder meeting called on 30 October 2026.
• Progress of export expansion and whether revenue stabilises after two years of decline; the data does not say what forecasts management has given.