Irem

이렘 · 009730

Materials Steel · KOSDAQ

Small-cap

Market cap US$11.9M (₩16.4B)

Overview

Irem makes two main products: stainless steel tubes used in construction, shipbuilding, automotive, and energy industries, and integrated deck plates, factory-assembled steel floor panels that replace traditional timber formwork in concrete building construction.

Its customers span a broad range of industrial and construction sectors. Listed on KOSDAQ, Korea's tech and small-cap board, the company operates two distinct product lines, steel tubes and construction floor systems, rather than concentrating on a single business.

Summary is AI-generated and may contain errors · figures from DART filings

Financials

Source: DART · FY ending Dec · latest FY2025

Revenue · FY2025

US$66.7M

▼ −16.2% YoY

Operating profit · FY2025

−US$10.1M

Loss widened

Net income · FY2025

−US$12.2M

Loss widened

Revenue, operating profit and net income by fiscal year (USD; KRW in parentheses).
Metric	FY2023	FY2024	FY2025
Revenue	US$55.6M(₩76.8B)	US$79.6M(₩109.8B)	US$66.7M(₩92B)
Operating profit	US$709.6K(₩979.2M)	−US$3.4M(−₩4.7B)	−US$10.1M(−₩13.9B)
Net income	US$69.1K(₩95.4M)	−US$10.8M(−₩14.9B)	−US$12.2M(−₩16.8B)

Revenue

FY2023US$55.6M
FY2024US$79.6M
FY2025US$66.7M

Operating profit

FY2023US$709.6K
FY2024−US$3.4M
FY2025−US$10.1M

Net income

FY2023US$69.1K
FY2024−US$10.8M
FY2025−US$12.2M

Key ratios (FY2025)

ROE

-42.3%

Debt/Eq

151.6%

Op. margin

-15.1%

Net margin

-18.3%

Rev. YoY

▼ −16.2%

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