RFHIC (218410) Q2 2026 earnings summary

Executive summary

• Specializes in GaN-based RF semiconductors for wireless, defense, and energy sectors, with strong in-house R&D and manufacturing capabilities.

• Maintains a diversified product portfolio: GaN transistors, power amplifiers, MMICs, and microwave generators.

• Expanded into new markets, including marine radar and satellite communications, with recent large-scale contracts in defense and industrial sectors.

Financial highlights

• 2026 H1 consolidated revenue: KRW 94.6B, down from KRW 185.8B in FY2025 and KRW 114.9B in FY2024.

• 2026 H1 operating income: KRW 18.9B; net income: KRW 20.7B; basic EPS: KRW 595.

• Total assets as of June 2026: KRW 603.5B; equity: KRW 451.8B; liabilities: KRW 151.7B.

• Cash and cash equivalents at period end: KRW 30.4B, down from KRW 109.9B at end-2025.

• R&D expense for 2026 H1: KRW 7.7B (8.1% of sales).

Outlook and guidance

• Expects continued growth in defense, RF energy, and satellite sectors, leveraging new contracts and expanding product applications.

• Maintains a dividend policy targeting payout of at least 30% of separate net income for 2025–2027.