HIGEN Motor (160190) Q2 2026 earnings summary

Executive summary

• Operates in industrial motors, servo & robot, and mobility (EV motor/inverter) segments, with a strong R&D focus and a leading position in Korea's industrial motor market.

• Listed on KOSDAQ in June 2024; recognized as a small-to-medium enterprise with a BBB credit rating.

• Major shareholders include Dano Corp, Ilsin Textile, and Dano International, with no changes in major shareholders during the period.

Financial highlights

• 2026 H1 consolidated revenue: KRW 39.43 billion, down from KRW 73.54 billion in FY2025.

• Operating loss for 2026 H1: KRW -4.86 billion; net loss: KRW -4.10 billion.

• Gross margin for H1 2026: 4.2% (KRW 1.67 billion gross profit on KRW 39.43 billion revenue).

• Cash and cash equivalents at June 2026: KRW 16.99 billion.

• R&D expense for H1 2026: KRW 1.61 billion (4.09% of sales).

Outlook and guidance

• Focus on expanding premium/high-efficiency motor offerings and mobility/robotics solutions.

• Anticipates growth in EV, robotics, and industrial automation markets, with ongoing investment in R&D and new product development.