TES Co (095610) Q2 2026 earnings summary

Executive summary

• The company specializes in manufacturing semiconductor equipment, with over 95% of revenue from this segment, and maintains a strong presence in both domestic (90%) and overseas (10%) markets.

• For the first half of 2026, consolidated revenue was KRW 220.9 billion, operating profit KRW 48.2 billion, and net profit KRW 58.6 billion.

• The company maintains a stable financial structure, with a debt-to-equity ratio of 21% and net cash position.

Financial highlights

• Revenue for H1 2026: KRW 220.9 billion, down from KRW 351.1 billion in FY2025, but up from KRW 240.1 billion in FY2024.

• Operating profit for H1 2026: KRW 48.2 billion; net profit: KRW 58.6 billion.

• Basic EPS for H1 2026: KRW 3,265; diluted EPS: KRW 3,165.

• Cash and cash equivalents at period end: KRW 65.9 billion, up from KRW 12.1 billion at end-2025.

• R&D expenses for H1 2026: KRW 24.7 billion, 11.2% of sales.

Outlook and guidance

• The company continues to invest in R&D and expects ongoing demand for semiconductor equipment driven by AI, big data, and automotive sectors.

• Management emphasizes balanced shareholder returns and ongoing dividend policy, with a 13-year consecutive dividend record.