Contec (451760) Q2 2026 earnings summary

Executive summary

• Provides full-spectrum solutions in the space industry, covering both upstream (satellite and component manufacturing) and downstream (ground stations, data processing, and satellite communication terminals).

• Listed on KOSDAQ in November 2023, with recent expansion through acquisition of AP Satellite and global partnerships.

• Holds 49 patents (15 domestic, 34 overseas) and maintains a strong R&D focus, with 7% of 2026 H1 revenue invested in research.

Financial highlights

• 2026 H1 consolidated revenue: KRW 36.2 billion, down from KRW 86.9 billion in 2025 and KRW 69.0 billion in 2024.

• Operating loss for 2026 H1: KRW -9.2 billion (2025: -16.2 billion, 2024: -12.2 billion).

• Net profit for 2026 H1: KRW 4.2 billion, a turnaround from net losses in 2025 (-10.3 billion) and 2024 (-19.1 billion).

• EPS for 2026 H1: KRW 473 (2025: -497, 2024: -1,525).

• Cash and cash equivalents at 2026 H1: KRW 65.0 billion.

Outlook and guidance

• Anticipates continued growth in downstream services, especially in satellite data and value-added services.

• Government and public sector contracts remain a key revenue driver, with seasonality leading to higher Q4 sales.

• Plans further investment in ground station expansion and advanced space situational awareness solutions.