Zenix Robotics제닉스로보틱스

Zenix Robotics is still loss-making after revenue fell sharply in 2025 and the first half of 2026, and its shares have fallen about 73% over the past year.

Zenix Robotics makes automated material handling systems for factories, including stockers, AGVs and AMRs, serving semiconductor, display, battery and automotive customers. Trailing twelve-month revenue is ₩18.9B with an operating loss of ₩13.5B, and the company's cash of ₩9.1B sits against borrowings of ₩17.0B. The share price closed at ₩4,835 on 2026-10-23, with a market capitalisation of about ₩63.4B.

What stands out

• Revenue fell 64.3% in 2025 to ₩22.7B, after ₩63.5B in 2024, and the trailing figure is ₩18.9B.
• Operating margin is -71.5% on a trailing basis, and net income is -₩8.0B, so losses are still deep.
• Free cash flow is -₩5.4B, and borrowings exceed cash, with liabilities at 66.9% of equity.
• Filings in 2026 include a buyback trust contract, a status report on share acquisition under that trust, a conversion price adjustment and a major sales or supply contract (April 2026).
• Foreign ownership rose from 0.9% to 1.6% over about 60 days, while 20-day foreign net flows were negative; the data shows no recent news headlines.

What to watch

• The next quarterly and half-year results, to see whether revenue stabilises and losses narrow from the trailing figures.
• Progress on the buyback trust and the conversion price adjustment, and how they affect the share count and cash.
• Whether the debt level of ₩17.0B can be covered by cash and operating cash flow, given negative free cash flow.