RAPHAS CO. LTD.

RAPHAS CO. LTD.

KKRX:214260
6,860.00
KRW
-180.00
(-2.56%)
-715.56EPS
70.55BMarket Cap
Nov 12Next Earn
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
2,232.18
3,054.93
1,198.42
1,029.57
1,491.1
2,611.49
2,132.49
2,384.56
2,744.2
3,230.18
3,102.82
3,476.28
3,531.83
Basic EPS, GAAP
217
819
31
-802
-570
18
-542
578
-988
-1,018
-544
-484
-641.71
Free Cash Flow per Basic Share
493.5
-330.92
-706.27
-1,639.54
-401.54
-1,352.44
-210.61
-120.44
-1,309.05
-701.61
363.58
74.87
-85.49
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
226.72
4,233.03
4,275.33
3,454.55
2,929.24
5,733.04
5,248.46
6,092.15
4,839.82
3,551.97
3,492.01
3,369.59
3,046.24
Tangible Book Value per Share
183.14
4,174.16
4,212.36
3,401.45
2,881.56
5,689.91
5,168.39
5,330.23
4,010.26
2,893.25
2,863.52
2,877.74
2,577.51
Basic Weighted Avg Shares
4
5
8
7
7
7
8
9
9
9
9
9
9
Sales/Revenue/Turnover
9,393
16,464
9,442
6,937
10,051
18,168
17,862
20,339
23,639
27,936
27,215
30,988
30,158
Operating Margin (%)
24.41
29.9
-8.86
-65.87
-37.94
-2.38
-23.94
-10.07
-27.54
-14.5
-12.72
-9.79
-12.98
Depreciation Expense
320
677
954
1,214
1,692
1,870
2,372
2,644
3,383
3,997
4,264
3,770
3,885
Net Income, GAAP
913
4,414
244
-5,404
-3,842
125
-4,540
4,930
-8,511
-8,804
-4,772
-4,314
-5,479
Effective Tax Rate (%)
29.45
18.25
- -
- -
- -
- -
- -
27.12
- -
- -
- -
- -
- -
Profit Margin (%)
9.72
26.81
2.59
-77.9
-38.23
0.69
-25.42
24.24
-36
-31.52
-17.53
-13.92
-18.17
Working Capital
4,263
24,068
24,819
12,837
9,169
25,036
21,098
24,891
4,672
-9,912
-9,782
-5,682
-9,068
LT Debt
4,861
1,145
5,053
7,553
8,809
10,576
9,555
7,056
6,884
5,121
1,772
2,732
1,186
Total Equity
1,581
29,156
29,412
24,145
20,168
47,931
44,639
53,677
44,013
32,308
31,632
30,714
27,538
Return on Invested Capital (%)
- -
21.17
- -
- -
- -
- -
- -
-2.33
- -
- -
- -
- -
- -
Return on Capital (%)
- -
24.55
- -
- -
- -
- -
- -
9.05
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
28.8
0.84
-20.34
-17.51
0.37
-9.87
10.21
-18.25
-24.99
-16.2
-14.96
-19.33

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
31,338
30,083
24,899
LT Borrowings
2,554
1,967
1,014
LT Finance Leases
178
204
172
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8
8
8
Market Capitalization
110,151
82,571
70,547

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
35,332
32,756
29,624
Cash, Cash Equivalents & STI
25,214
21,026
16,134
Accounts Receivable, Net
3,156
3,284
3,812
Inventories
5,225
6,237
6,151
Total Current Liabilities
41,014
39,648
38,692
Payables & Accruals
- -
- -
- -
ST Debt
31,338
30,083
24,899
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.79%
-5.87%
-2.9%
Free Cash Flow
107.95%
135.62%
-79.07%
Net Income, GAAP
-679.76%
-106.63%
-9.58%
Sales/Revenue/Turnover
11.43%
11.91%
13.86%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,243
7,307
6,281
7,385
27,215
2025
7,064
8,115
9,600
6,209
30,988
2026
6,767
7,582
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-164
335
-1,091
405.03
-544
2025
-122
-63
-140
-185.11
-484
2026
-93.62
-227
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

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

Company Description

CEO
Do-Hyeon Jeong
Full Time Employees
103
Sector
Process industries
Industry
Chemicals: major diversified
Address
Seoul South Korea
IPO Date
Nov 11, 2019
Website
raphas.com
Business
Raphas Co., Ltd. is a South Korea-based biotechnology company specializing in the research, development, and manufacturing of transdermal drug delivery systems based on proprietary dissolving microneedle technology. Founded in 2006 and headquartered in Seoul, South Korea, the company utilizes its patented Droplet Extension (DEN) manufacturing process—which fabricates microstructures directly from liquid formulations without exposure to heat or ultraviolet light—to deliver cosmetic and therapeutic compounds across the skin barrier. The company operates across two core business segments: Functional Cosmetics and Pharmaceuticals & Medical Devices. In functional cosmetics, Raphas manufactures and markets derma-cosmetic skincare patches under its proprietary Acropass brand—including targeted skincare solutions such as Trouble Cure blemish patches, Spot Eraser pigmentation treatments, and anti-aging line care patches—while providing comprehensive Original Design Manufacturing (ODM) and Contract Development and Manufacturing Organization (CDMO) services to third-party beauty brands. In pharmaceuticals and medical devices, the company develops transdermal patch-based therapeutics, medical-grade diagnostic skin sampling platforms, and temperature-stable patch vaccines; its therapeutic pipeline encompasses microneedle formulations for metabolic conditions, Alzheimer's dementia, local anesthetics, and hair loss treatments. Raphas operates international subsidiaries including Raphas Japan Co., Ltd. in Japan; Raphas America Inc. in the United States; and Raphas China in Shanghai, distributing its products across Asia, North America, Europe, and Australia. In recent strategic developments, Raphas entered into a major collaboration with Japanese advanced materials developer Hosokawa Micron in July 2026 to integrate biodegradable polymer (PLGA) nanocomposite encapsulation technology into its microneedle platform, targeting the development of high-functionality cosmetics and hair regrowth therapeutics, with Raphas acting as the exclusive contract manufacturer. Additionally, following Daewon Pharmaceutical's transfer of all patent and development rights for the DW-1022 semaglutide microneedle obesity patch back to Raphas in late 2025, Raphas restructured the program to advance international clinical progression and commercialization in partnership with a Chinese pharmaceutical entity.