Icure Pharmaceutical Incorporation

Icure Pharmaceutical Incorporation

KKRX:175250
1,411.00
KRW
+6.00
(+0.43%)
-572.48EPS
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
1,907.86
1,652.34
1,689.89
2,429.09
1,811.37
2,884.49
3,849.55
2,552.09
2,548.58
1,513.18
1,354.83
2,226.06
2,827.84
Basic EPS, GAAP
122.39
-254.62
-200.89
32.84
-428.65
-414.32
-538.68
-1,515.26
-1,793
-833
32
-897
-534.88
Free Cash Flow per Basic Share
33.52
-40.58
-1,104.57
-669.49
-1,074.48
-3,432.12
-1,693.94
-1,307.55
-740.39
-430.08
-522.77
-217.93
-182.7
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-168.11
362.64
1,030.34
1,062.78
4,128.51
4,610.41
4,513.3
3,657.77
2,399.56
1,509.11
1,565.77
704.99
752.08
Tangible Book Value per Share
-240.64
352.72
894.18
826.19
4,018.4
3,928.45
3,875.56
3,052.2
1,983.72
1,127.54
1,339.37
693.59
734.62
Basic Weighted Avg Shares
8
11
16
16
18
21
23
25
23
38
37
37
37
Sales/Revenue/Turnover
14,930
18,673
27,279
39,796
33,320
60,922
90,144
64,283
59,367
56,806
50,705
83,385
105,844
Operating Margin (%)
10.88
-5.06
-11.34
-0.81
-26.32
-10.22
-17.23
-44
-44.58
-39.67
-29.9
-14.34
-2.19
Depreciation Expense
667
629
573
613
717
3,621
7,024
7,778
8,216
9,043
8,786
6,779
5,125
Net Income, GAAP
958
-2,878
-3,243
538
-7,885
-8,751
-12,614
-38,167
-41,766
-31,272
1,198
-33,600
-20,020
Effective Tax Rate (%)
- -
- -
- -
2.94
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
6.41
-15.41
-11.89
1.35
-23.66
-14.36
-13.99
-59.37
-70.35
-55.05
2.36
-40.3
-18.91
Working Capital
-6,733
11,139
1,561
9,133
51,489
32,110
9,616
3,979
-29,276
-63,627
-11,946
-24,093
-22,612
LT Debt
2,875
9,597
1,078
17,063
13,089
69,017
40,417
30,130
7,454
4,896
5,481
4,785
4,139
Total Equity
-2,764
5,963
16,945
17,276
84,693
100,320
114,738
98,704
91,859
57,750
58,984
24,457
26,051
Return on Invested Capital (%)
- -
- -
- -
-1.03
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
3.08
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
-28.32
3.13
-15.44
-9.6
-12.03
-36.71
-45.05
-42.82
2.08
-79.19
-51.34

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
22,870
21,351
21,060
LT Borrowings
667
444
222
LT Finance Leases
4,118
3,931
3,917
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
37
37
37
Market Capitalization
- -
- -
- -

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
34,436
28,115
35,712
Cash, Cash Equivalents & STI
11,010
3,933
8,166
Accounts Receivable, Net
12,912
12,716
13,780
Inventories
8,920
10,613
12,555
Total Current Liabilities
58,529
52,914
58,324
Payables & Accruals
- -
- -
- -
ST Debt
22,870
21,351
21,060
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
49.47%
-22.89%
-58.54%
Free Cash Flow
394.29%
-21.62%
-58.28%
Net Income, GAAP
-443.71%
-564.51%
-2,905.57%
Sales/Revenue/Turnover
21.96%
2.61%
64.45%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15,938
16,836
15,730
20,704
50,705
2025
22,131
21,329
25,135
10,864
83,385
2026
32,192
37,654
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-124
-13
590
-422.89
32
2025
-61
-211
-98.56
-483.76
-897
2026
-14.85
62
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

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

Company Description

CEO
Young-Seok Lee
Full Time Employees
286
Sector
Health technology
Industry
Pharmaceuticals: major
Address
Seoul South Korea
IPO Date
Jul 12, 2018
Business
Icure Pharmaceutical Incorporation is a South Korea-based biopharmaceutical and healthcare company primarily engaged in the research, development, and manufacturing of transdermal drug delivery systems (TDDS), prescription pharmaceuticals, cosmeceuticals, and health functional foods. Founded in 2000 and headquartered in Seoul, South Korea, the company operates across two principal business divisions: Pharmaceuticals and Cosmetics. The company's core product and service portfolio comprises: transdermal patch formulations for central nervous system disorders, pain management, respiratory conditions, and dementia, including its flagship donepezil transdermal patch for Alzheimer's disease, rivastigmine patches, pramipexole patches for Parkinson's disease, fentanyl transdermal systems, tulobuterol asthma patches, ketoprofen and piroxicam anti-inflammatory plasters, and topical analgesics; contract development and manufacturing organization (CDMO) and original design manufacturing (ODM) services encompassing formulation design, clinical batch production, and commercial-scale cGMP manufacturing of transdermal patches, hydrogel plasters, cataplasms, and topical creams for third-party pharmaceutical enterprises; cosmeceutical and skincare products, including hydrogel facial mask packs, dissolvable microneedle patches, anti-aging ampoules, derma-cosmetics, and functional skincare solutions manufactured under proprietary brands such as Meditime NEO as well as on an OEM/ODM basis for global cosmetic brands; and health functional foods and dietary supplements targeting immune enhancement, joint health, and metabolic wellness. Icure Pharmaceutical distributes its products across hospital networks, retail pharmacies, dermatology clinics, and consumer health channels in South Korea, while exporting and out-licensing formulations to international markets across the Asia-Pacific region, North America, Latin America, and Europe through advanced cGMP-compliant manufacturing and R&D facilities located in Wanju and Anseong, South Korea. In recent developments, Icure Pharmaceutical has accelerated the global commercialization of its proprietary donepezil transdermal patch for Alzheimer's disease, advancing overseas regulatory filings, regional licensing, and supply agreements across Southeast Asia, Latin America, and the Middle East, while progressing clinical bridging strategies for United States market entry. The company has deepened its commercialization and distribution partnership with Celltrion for domestic and international co-marketing of transdermal dementia therapies. Additionally, Icure Pharmaceutical has expanded its pipeline into next-generation soluble microneedle delivery platforms and transdermal peptide formulations, broadened its cosmetics OEM/ODM export network, and executed strategic corporate adjustments, including capital structure optimizations, convertible instrument refinancings, and operational streamlining across manufacturing divisions to enhance profitability and support global regulatory compliance.