Foosung (093370) Q2 2026 earnings summary

Executive summary

• Revenue for the first half of 2026 was KRW 329.7 billion, up 42.5% year-over-year, driven by growth in fluorochemicals and chemical equipment segments, and expanded performance from subsidiaries.

• Operating income reached KRW 32.7 billion, a 28.9% increase year-over-year, with net income attributable to owners at KRW 11.5 billion.

• The company maintains a leading position in fluorochemicals, battery materials, and semiconductor specialty gases, with significant R&D and capacity expansions.

Financial highlights

• Total assets at June 30, 2026: KRW 915.8 billion; equity: KRW 434.6 billion; liabilities: KRW 481.1 billion.

• Gross profit margin for H1 2026 was 20.0%, with operating margin at 9.9%.

• Cash and cash equivalents at period end: KRW 68.6 billion.

• Basic EPS for H1 2026: KRW 107 (vs. KRW 50 in H1 2025).

Outlook and guidance

• Continued investment in R&D and capacity expansion, especially in battery materials and semiconductor gases.

• New business areas include advanced materials R&D and logistics, expected to enhance long-term competitiveness.

• The company expects stable demand in core markets, with ongoing efforts to diversify revenue streams and strengthen global presence.