Seoul Pharma Co., Ltd.

Seoul Pharma Co., Ltd.

KKRX:018680
1,870.00
KRW
-2.00
(-0.11%)
62.26EPS
42.56P/E
30.90BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
6,327.76
6,358.62
6,340.64
5,233.92
4,307.37
5,148.86
6,349.21
6,151.57
4,748.48
5,561.25
4,504.12
4,605.33
4,497.76
4,402.21
Basic EPS, GAAP
93
-101
-111
-613
-1,338
-901
-220
-158
-1,137
95
302
146
65
62.26
Free Cash Flow per Basic Share
-1,853.02
-315.65
2.66
-1,114.8
-346.95
-223.98
333.25
596.59
-333.54
-153.01
289.38
-450.23
85.56
858.57
Dividend per Share
56.89
49.76
34.02
24.47
14.04
14.86
- -
14.99
- -
- -
- -
- -
- -
- -
Book Value per Share
4,703
4,535.02
4,710.39
4,971.85
4,427.41
3,571.99
3,352.84
3,384.64
2,223.9
3,038.06
3,307.58
3,445.48
3,520.78
3,504.32
Tangible Book Value per Share
4,052.08
3,879.83
4,301.53
4,760.52
4,274.47
3,433.91
3,242.23
3,254.69
2,122.41
2,962.47
3,235.39
3,376.06
3,451.14
3,435.25
Basic Weighted Avg Shares
7
7
7
7
8
8
8
8
9
9
12
12
12
12
Sales/Revenue/Turnover
42,043
43,816
44,731
38,069
34,052
43,568
53,950
52,232
40,463
50,057
52,459
53,580
52,149
51,327
Operating Margin (%)
3.18
1.55
1.51
-5.59
-17.52
-11.27
6.79
11.7
-14.12
3.47
2.31
2.85
-2.45
-2.63
Depreciation Expense
2,480
2,477
3,785
2,983
2,537
2,253
2,498
2,443
2,528
2,613
1,928
2,490
2,662
2,663
Net Income, GAAP
618
-696
-783
-4,459
-10,577
-7,624
-1,869
-1,342
-9,689
855
3,517
1,699
754
726
Effective Tax Rate (%)
- -
232.69
- -
- -
- -
- -
582.34
- -
- -
- -
13.02
3.51
- -
- -
Profit Margin (%)
1.47
-1.59
-1.75
-11.71
-31.06
-17.5
-3.46
-2.57
-23.94
1.71
6.7
3.17
1.45
1.41
Working Capital
3,657
2,378
6,144
20,532
5,402
9,210
-1,510
7,486
-3,991
12,121
5,077
18,116
19,116
19,482
LT Debt
18,937
20,802
19,689
33,730
9,778
19,831
11,578
14,671
10,871
10,481
471
12,460
11,704
11,527
Total Equity
32,252
31,100
33,528
36,794
37,122
30,310
28,451
28,852
18,958
35,422
38,564
40,172
41,050
40,858
Return on Invested Capital (%)
- -
-1.41
- -
- -
- -
- -
-31.5
- -
- -
- -
2.12
2.79
- -
- -
Return on Capital (%)
- -
-1.53
- -
- -
- -
- -
-15.56
- -
- -
- -
7.81
4.02
- -
- -
Return on Common Equity (%)
2.14
-2.2
-2.42
-12.68
-28.62
-22.61
-6.36
-4.68
-40.53
3.14
9.51
4.31
1.86
1.8

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
5,701
5,688
5,696
LT Borrowings
10,000
10,000
10,000
LT Finance Leases
2,027
1,704
1,527
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12
12
12
Market Capitalization
35,794
35,911
30,897

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
35,763
34,014
33,551
Cash, Cash Equivalents & STI
7,546
9,949
18,126
Accounts Receivable, Net
7,730
8,470
4,186
Inventories
12,667
11,443
11,132
Total Current Liabilities
16,464
14,898
14,069
Payables & Accruals
- -
- -
- -
ST Debt
5,701
5,688
5,696
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.53%
13.56%
2.19%
Free Cash Flow
-4,455.57%
-185.34%
-118.94%
Net Income, GAAP
119.23%
143.47%
-55.63%
Sales/Revenue/Turnover
2.86%
1.09%
-2.67%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
13,431
12,852
13,405
13,892
53,580
2025
12,888
12,011
13,643
13,608
52,149
2026
12,066
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
51
23
15
56.7
146
2025
-14
-114.13
225.07
-32.22
65
2026
-16.46
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Full Time Employees
132
Sector
Health technology
Industry
Pharmaceuticals: major
Address
Cheongju South Korea
IPO Date
Aug 18, 2000
Business
Seoul Pharma Co., Ltd. is a South Korea-based pharmaceutical manufacturing company engaged in the research, development, production, and commercialization of finished dosage pharmaceutical products, health functional foods, and proprietary orally disintegrating film (ODF) drug delivery systems. Founded in 1976 as Seoul New Drug Industry and incorporated in 1985, the company is headquartered in Cheongju-si, Chungcheongbuk-do, South Korea, and is publicly traded on the KOSDAQ market under ticker 018680. The company operates under the controlling ownership of private equity firm Q Capital Partners via the 2018 QCP No. 13 Private Equity Fund and is managed under a co-Chief Executive Officer leadership structure. The company organizes its commercial operations across Prescription Pharmaceuticals (ETC), Over-the-Counter Medicines (OTC) and Consumer Healthcare, and Contract Development and Manufacturing (CDMO / OEM-ODM) segments. Seoul Pharma manufactures and distributes a broad range of pharmaceutical formulations, with a core product portfolio structured across multiple therapeutic areas: cardiovascular and circulatory agents, including Ator for hypertension, Crestin for hyperlipidemia, and Zarotan; gastrointestinal agents, including Axated and Seoul Famotidine for peptic ulcers and gastritis; central nervous system and cerebrovascular treatments, including Flavel for stroke prevention and recovery; anti-inflammatory and analgesic medications, including Zerocam and Mardi; respiratory and antitussive therapies, including Sebron A syrup; and metabolic and anti-obesity agents, including Weltmin and Fendigene. A core proprietary competency of Seoul Pharma is its SmartFilm technology platform, which produces orally disintegrating films (ODF) that dissolve rapidly on the tongue without water to enhance patient compliance, rapid onset, and dosing convenience for pediatric, geriatric, and dysphagic populations. Its ODF pharmaceutical and nutraceutical offerings include erectile dysfunction treatments, such as Vultis (sildenafil citrate) and tadalafil ODF; functional dietary supplement films, such as Daily Liposomal Glutathione films, Premium Red Ginseng immune films, Green Propolis oral care films, Plant-based Melatonin sleep aid films, Nicotinamide Mononucleotide (NMN) cellular health films, and Polydeoxyribonucleotide (PDRN) skin rejuvenation films; and specialized liquid suspensions, such as Aliver BCAA suspension for hepatic cirrhosis. Manufacturing is anchored at the company's automated, cGMP-grade production plant within the Osong Bio-Health Science Complex in Cheongju, supporting the production of ODFs, tablets, hard capsules, ointments, creams, and liquid syrups. In recent corporate and operational developments, Seoul Pharma has focused on financial restructuring, operational efficiency, and commercial diversification following its acquisition by Q Capital Partners. The company has transitioned executive governance to a co-CEO management system and consolidated its primary manufacturing capabilities into its cGMP-certified Osong facility. To drive top-line expansion and capitalize on its patented SmartFilm delivery technology, Seoul Pharma has strategically scaled its B2B original equipment manufacturing (OEM) and original design manufacturing (ODM) operations, securing manufacturing contracts for oral thin-film health functional foods with domestic and international consumer brands. Geographically, the company continues to advance its global export footprint across Southeast Asia (including Vietnam, Hong Kong, the Philippines, and Taiwan), the Middle East, and Latin America through distribution and supply agreements with multinational pharmaceutical partners such as Pfizer and Sandoz, while continuously expanding its next-generation functional film pipeline with newly commercialized liposomal and bioactive nutraceutical lines.