Gaon Frontline Reports 225.54 Billion Won Net Profit for Q2 2026, Up 57.6% Year-on-Year

Gaon Frontline (000500), a manufacturer of wires and cables, reported a net profit of 225.54 billion won for the second quarter of 2026, representing a 57.6% year-on-year increase, according to a disclosure on July 20. On a consolidated basis for Q2 2026 (April 1 to June 30), revenue rose 35.1% year-on-year to 8693.9 billion won, operating profit increased 55.5% to 361.32 billion won, and net profit reached 225.54 billion won, up 57.6% from the same period in 2025. Cumulative results for the first half of 2026 showed revenue of 1.633 trillion won, operating profit of 639.66 billion won, and net profit of 422.31 billion won, representing 27.3%, 41.8%, and 42.4% year-on-year growth, respectively. The results are preliminary under K-IFRS and subject to potential revisions pending completion of external audit reviews. As of December 2025 financials, the company reported total assets of 1.3779 trillion won, liabilities of 894.1 billion won, and equity of 483.8 billion won. Revenue for 2025 was 2.5457 trillion won, with operating profit of 792 billion won and net profit of 514 billion won. Gaon Frontline, listed on the KOSPI since June 8, 1987, operates in the insulated wire and cable manufacturing sector. On July 20, 2026, its stock price closed at 175,600 won, down 21,100 won (-10.73%) from the previous day.