1. What Happened? PNTMS Plunges into Losses

PNTMS’s 2025 semi-annual report reveals a sharp decline in revenue (78.12 billion KRW, down 26% YoY), an operating loss of 6.48 billion KRW, and a net loss of 8.29 billion KRW. Despite the growth in the battery separator equipment market, PNTMS is experiencing a significant downturn.

2. Why the Downturn? Declining Sales and Profitability

The primary cause of PNTMS’s struggles is the decrease in sales of battery separator production equipment. High sales and administrative expenses further exacerbate the profitability issues. A shrinking order backlog (282.59 billion KRW) adds to the concerns surrounding future performance.

3. What’s Next? Uncertainties and Potential Opportunities

  • Positive Factors: The growth potential of the battery separator equipment market and PNTMS’s full-line equipment manufacturing capabilities remain positive aspects.
  • Risk Factors: Continuous operating losses, declining sales, a weak order backlog, high debt ratio, and worsening cash flow are significant risks. The uncertain macroeconomic environment requires close monitoring.

4. What Should Investors Do? Proceed with Caution

PNTMS faces significant challenges. Investors should carefully evaluate the company’s short-term performance, new order acquisition, efforts to improve structural profitability, financial risk management, and response to macroeconomic changes before making investment decisions.