Egtronics이지트로닉스

Egtronics remains loss-making, with trailing revenue down sharply and operating losses deepening through H1 2026.

Egtronics makes power conversion equipment for electric and hydrogen vehicles, 5G telecom infrastructure and defense vehicles. Its trailing twelve-month revenue is about ₩12.6B, against an operating loss of about ₩11.3B and negative free cash flow of about ₩17.7B. The shares closed at ₩2,715 on 2026-10-19, roughly 32.8% below a year earlier and well off the 52-week high of ₩4,600.

What stands out

• Revenue fell 63.7% in 2025 to about ₩13.2B, and the trailing figure to H1 2026 is about ₩12.6B, so the top line has shrunk sharply after the 2024 peak of about ₩36.5B.
• Operating losses widened to about ₩18.6B in 2025, an operating margin of -140.7%, and remain deeply negative on a trailing basis at -89.7%.
• Cash of about ₩5.2B is reported, and the data shows no borrowings; liabilities are 61.1% of equity.
• Price-to-book is 0.7 and price-to-sales is 1.7, but earnings-based multiples are not meaningful because the company is loss-making, and the dividend yield is 0%.
• Foreign ownership eased from 1.7% to 1.3% over 60 days, and 20-day foreign flows were net negative; the shares rose 13.4% over three months.

What to watch

• The Q3 2026 quarterly report and whether losses narrow from the H1 2026 run rate.
• Effects of the CEO change filed on 2026-06-22 on strategy and the new EV charger and power distribution push named in the profile.
• Cash burn: trailing free cash flow of about -₩17.7B against about ₩5.2B of cash, with no financing details in the data.