1. COMMAX H1 2025 Performance: Key Highlights

COMMAX reported revenue of KRW 52.89 billion and operating profit of KRW 3.168 billion for H1 2025. Both revenue and operating profit increased year-over-year, with a notable improvement in operating margin in Q2. However, profitability remains below historical highs, likely due to investments in new businesses and R&D expenses.

2. New Business Ventures: Driving Future Growth

Beyond its core home network business, COMMAX is actively investing in new ventures, including environmental businesses, EV charging services, and software/platform businesses. These expansions are expected to drive future growth, but high initial investment costs and market competition pose potential risks.

3. Solid Financial Position: A Stable Foundation

COMMAX maintains a healthy financial position with a debt-to-equity ratio of 20.13% as of H1 2025, providing a stable foundation for new business investments and growth.

4. Investment Perspective: Opportunities and Risks

COMMAX, a leading company in the home network market, shows steady growth and is enhancing future growth potential through new business ventures. However, investors should consider risks such as securing profitability in new businesses and macroeconomic uncertainties.

5. Action Plan for Investors

  • Monitor the revenue contribution and profitability of new businesses.
  • Review R&D achievements and commercialization plans.
  • Analyze the impact of raw material prices and exchange rate fluctuations.
  • Keep track of global economic and interest rate trends.