IMT아이엠티

IMT's trailing revenue has grown fast from a loss-making base, but the company is still thinly profitable, cash-flow negative, and its shares are down sharply over the past year.

IMT makes dry cleaning and laser-based equipment for semiconductor, display, battery and circuit board makers, plus ceramic parts through subsidiaries. Over the trailing twelve months to H1 2026 it reported revenue of ₩41.5B, an operating margin of 6% and net income of ₩3.4B, after losses in 2023 and 2024. Free cash flow was negative at about -₩24.1B, and borrowings of ₩18.9B exceed cash of ₩32.1B.

What stands out

• Revenue rose from ₩6.5B in 2023 to ₩32.9B in 2025 and ₩41.5B on a trailing basis, while operating income turned positive in 2025 at ₩0.2B.
• Trailing net income of ₩3.4B is larger than trailing operating income of ₩2.5B, which means non-operating items contributed to profit; the filings in the data do not explain this in detail.
• Free cash flow is about -₩24.1B on a trailing basis, which is large relative to the company's size and is not explained in the data provided.
• Liabilities are 182% of equity, and the company has a rights offering decision and convertible bond and warrant activity on record in 2026.
• The shares closed at ₩7,870, down 26.7% over one year and 26% below the 52-week high of ₩19,500; trailing P/E is 18.2 and P/B is 1.7, and no dividend is paid.

What to watch

• Next periodic filings and whether free cash flow turns positive given the large trailing cash outflow.
• Execution of the rights offering, convertible bond and warrant activity, and any dilution from them, as shown in upcoming filings.
• Shareholder meeting and record date filings, which the company has already announced; the data contains no news headlines to add context.