Jeil M&S제일엠앤에스

Jeil M&S remains loss-making on a trailing basis, with heavy debt and new equity and debt-to-equity filings in October 2026.

Jeil M&S makes mixing equipment for secondary battery electrode production and sells to domestic and overseas battery makers. Trailing twelve-month revenue to H1 2026 was about ₩157.5B, but operating income was about -₩9.2B and net income about -₩11.7B. The company has borrowings of about ₩18.9B against cash of about ₩3.7B, and its recent filings centre on rights offerings and a change of largest shareholder.

What stands out

• Trailing revenue of about ₩157.5B is roughly flat versus 2025's ₩151.3B, with 2025 revenue growth reported at 1.2%.
• Losses are large relative to sales: trailing operating margin is -5.8% and net margin -7.4%, though 2025 losses were smaller at the operating line than 2024's ₩87.8B operating loss.
• Trailing free cash flow is about -₩0.3B and cash is about ₩3.7B against borrowings of about ₩18.9B.
• Several October 2026 filings relate to third-party allotment rights offerings, a debt-to-equity conversion, a change of largest shareholder and a largest-shareholder lock-up.
• The data shows a single recent news item, a Yonhap report on the rights offering with the Industrial Bank of Korea and others.

What to watch

• Details and completion of the rights offerings and debt-to-equity conversion, including dilution and the terms of the new allotments.
• The Other Market Notice on administrative issue designation and listing eligibility review, which is still pending procedures.
• The amended annual report and audit report for December 2024, and the next periodic results, which are not included in this data.