KNS케이엔에스

KNS has swung to losses over the trailing twelve months, though its share price has risen over three months and its battery equipment push continues.

KNS, a Korean maker of battery assembly automation equipment and battery module parts, reported a trailing twelve-month revenue of ₩45.0B to H1 2026 but an operating loss of ₩0.3B and a net loss of ₩2.5B. Its share price closed at ₩8,790 on 2026-10-26, down 26.8% over one year but up 15.4% over three months, with a market value of about ₩77.1B.

What stands out

• Revenue for 2025 was ₩41.2B, up 53%, but operating income fell to a loss of ₩1.6B from a profit of ₩0.8B in 2024.
• Trailing twelve-month free cash flow is about ₩54M, and cash of ₩5.6B sits against borrowings of ₩17.4B.
• The price is down 12.9% over one month, and it trades at 1.3 times book value; earnings-based valuation ratios are not available because earnings are negative.
• Recent filings include a half-year report for June 2026 and amended major sales or supply contracts dated 2026-06-30.
• October 2026 news reports describe KNS demonstrating 46-series and 20-minute fast-charging battery packs to customers.

What to watch

• The next quarterly or half-year results, to see whether the operating loss narrows from the trailing figures.
• Whether borrowings of ₩17.4B against cash of ₩5.6B are refinanced or reduced, given liabilities at 80.6% of equity.
• Foreign ownership has fallen from 1.3% to 0.8% over 60 days, and the profile does not say what drove this.