Huneed Technologies (005870) Q2 2026 earnings summary

Executive summary

• Revenue for the first half of 2026 was KRW 50.9 billion, down from KRW 137.2 billion in the previous year’s first half, with an operating loss of KRW 3.7 billion and a net loss of KRW 2.2 billion.

• Defense industry and overseas business segments contributed 44.1% and 55.9% of total sales, respectively.

• Major contracts were signed with The Boeing Company and General Atomics, supporting future revenue streams.

Financial highlights

• Cash and cash equivalents at June 30, 2026, stood at KRW 20.1 billion, down from KRW 42.96 billion at the end of 2025.

• Total assets were KRW 344.5 billion, with equity of KRW 160.4 billion and total liabilities of KRW 184.1 billion.

• Gross margin for the half-year was 16.3%, with cost of sales at KRW 42.6 billion.

• Basic and diluted EPS for the half-year were both negative at KRW -166.

Outlook and guidance

• The company expects continued growth in defense and overseas markets, supported by strategic partnerships and a robust order backlog of KRW 382.5 billion.

• Ongoing R&D and new product development are expected to enhance competitiveness in tactical communications and aerospace electronics.