Newintech returns to operating profit in second quarter

Newintech swung to operating profit in the second quarter from a loss a year earlier, while quarterly revenue increased from both the preceding quarter and the corresponding period of 2025, according to a preliminary consolidated-results filing on Aug. 5.

The reported quarterly figures cover April 1 through June 30, while the filing's cumulative first-half figures cover the six months from Jan. 1 through June 30.

Revenue for the April-to-June period rose 14.8 percent from 23.1 billion won in the first quarter and 23.1 percent from 21.5 billion won a year earlier, reaching 26.5 billion won.

Operating profit for the quarter came to 233 million won, reversing a 1.66 billion won operating loss posted during the corresponding three-month period in 2025. The operating result was also 870.8 percent higher than the 24 million won profit reported in the preceding quarter.

Net income reached 303 million won for April through June, reversing a 234 million won loss in the first quarter and a 2.58 billion won loss one year earlier.

For the first six months through June 30, revenue rose 17.7 percent from a year earlier to 49.6 billion won, compared with 42.2 billion won in 2025. Cumulative operating profit reached 257 million won, compared with an operating loss of 2.2 billion won during the same six-month period a year earlier. Net income for the six-month period was 68 million won, compared with a 3.49 billion won loss recorded in the first half of 2025.

Newintech's main business is manufacturing and selling capacitors and metallized films, including renewable-energy DC Link capacitors used in automobiles, solar power and inverters. Renewable-energy DC Link capacitors accounted for 58.66 percent of total first-quarter revenue, according to product information disclosed by the company through the disclosure system.

First-quarter exports included metallized films, AC capacitors and renewable-energy DC Link capacitors, according to product information that Newintech disclosed through the disclosure system.

On Aug. 3, a market notice raised concern that Newintech could be designated a managed issue, with the notice citing its market capitalization.

Newintech decided on a third-party allotment capital increase on July 14, then disclosed the result of the securities issuance in a separate filing on July 22.

On July 3, Newintech disclosed that it had acquired convertible bonds before maturity from its 16th issuance, including overseas convertible bonds.