Enplus

이엔플러스 · 074610

Industrials Machinery · KOSPI

Small-cap

Market cap US$32.5M (₩44.8B)

Overview

Enplus makes fire trucks, purpose-built emergency vehicles used by fire services to fight fires and rescue people.

Its lineup covers pump trucks for initial attack, water-tanker trucks for backup supply, chemical trucks carrying multiple types of suppressant, and rescue-equipment vehicles, with additional specialist vehicles built to order. Listed on KOSPI, Korea's main stock exchange, the company operates across two distinct business segments: fire trucks and advanced thermal-management materials, including gap fillers and gap pads used in heat-dissipation applications.

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

Financials

Source: DART · FY ending Dec · latest FY2025

Revenue · FY2025

US$21.4M

▼ −49.4% YoY

Operating profit · FY2025

−US$2M

Loss narrowed

Net income · FY2025

US$283.7K

Turned profitable

Revenue, operating profit and net income by fiscal year (USD; KRW in parentheses).
Metric	FY2023	FY2024	FY2025
Revenue	US$32.5M(₩44.9B)	US$42.3M(₩58.3B)	US$21.4M(₩29.5B)
Operating profit	−US$17.3M(−₩23.9B)	−US$16.2M(−₩22.4B)	−US$2M(−₩2.8B)
Net income	−US$44.1M(−₩60.8B)	−US$58.5M(−₩80.7B)	US$283.7K(₩391.5M)

Revenue

FY2023US$32.5M
FY2024US$42.3M
FY2025US$21.4M

Operating profit

FY2023−US$17.3M
FY2024−US$16.2M
FY2025−US$2M

Net income

FY2023−US$44.1M
FY2024−US$58.5M
FY2025US$283.7K

Key ratios (FY2025)

ROE

2.8%

Debt/Eq

200.5%

Op. margin

-9.6%

Net margin

1.3%

Rev. YoY

▼ −49.4%

Why it matters

Enplus developed what it describes as a world-first water-pressure control system for fire trucks through a government-funded national research project, and holds the underlying proprietary technology.

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