1. Kookil Paper’s H1 2025 Performance: Key Highlights

Kookil Paper reported sales of KRW 18.3 billion, operating profit of KRW 0 billion, and net profit of KRW 1.8 billion in its H1 2025 report, marking a return to profitability. Notably, the debt-to-equity ratio significantly improved to 9.88%.

2. Reasons for the Turnaround: What Changed?

The turnaround is mainly attributed to the steady growth of the specialty paper segment (64.5% of total sales) and the expansion of the distribution segment (35.5% of sales). The resumption of trading on July 21, 2025, also positively impacted investor confidence.

3. Investment Analysis: Opportunities and Risks

  • Positive Factors: Improved financial structure, growth in core businesses, resumption of trading
  • Risk Factors: Uncertainty surrounding the graphene business, volatility of raw material prices, intensified competition

4. Future Outlook and Investment Strategy

Kookil Paper’s future stock price hinges on the performance of its graphene business and the competitiveness of its existing businesses. Investors should closely monitor the progress of the graphene business and changes in the market environment.