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Kencoa Aerospace (274090) investor relations material
Kencoa Aerospace Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
The company operates in aerospace, focusing on aircraft parts manufacturing, MRO, raw material supply, and UAM/drone development, with a global presence in Korea and the US.
Major customers include Boeing, Airbus, Lockheed Martin, NASA, and domestic aerospace firms.
The largest shareholder changed to Kepler Co., Ltd. in April 2024.
Financial highlights
Consolidated revenue for H1 2026 was KRW 57.7 billion, down from KRW 76.4 billion in H1 2025.
Operating income for H1 2026 was KRW 1.4 billion, a turnaround from a KRW 9.2 billion loss in H1 2025.
Net income for H1 2026 was KRW 1.27 billion, compared to a net loss of KRW 15.47 billion in H1 2025.
Cash and cash equivalents at June 30, 2026, were KRW 23.3 billion.
Total assets at June 30, 2026, were KRW 240.7 billion; total equity was KRW 173.3 billion.
Outlook and guidance
The company is expanding production capacity in Korea and the US to meet increasing order volumes and new business opportunities.
Ongoing R&D in advanced manufacturing, UAM, and satellite components, with several government-supported projects underway.
- 2025 Q3 revenue fell to KRW 56.2B with a net loss of KRW 5.8B amid capacity expansion.274090
Q3 2025 - Q1 2025 revenue rose to KRW 16.88B, with improved margins and ongoing facility expansions.274090
Q1 2025 - Revenue fell but losses narrowed; capacity expansion and R&D investment continue.274090
Q2 2025 - Revenue down 26.5% YoY to ₩66.97B, net loss ₩1.77B, equity boosted by ₩130B bond issue.274090
Q3 2024 - H1 2024 saw revenue drop and a net loss, but new contracts and capital raise support future growth.274090
Q2 2024 - Recognized as a medium-sized enterprise, with diligent disclosure and compliance confirmed.274090
Q4 2025 - 2024 saw a revenue drop, deepening net loss, improved capital structure, and major shareholder change.274090
Q4 2024
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