Waps

웹스 · 196700

Materials Chemicals · KOSDAQ

Small-cap

Market cap US$14.5M (₩20B)

Overview

Waps makes specialty polymer materials used inside golf balls, specifically the mantle and cover layers that give a ball its resilience and durability, as well as separator materials for lithium-ion batteries, synthetic-leather and interior materials for automobiles, and composite cladding panels for building exteriors.

Its golf-ball materials are supplied to major global golf-equipment brands, while its other product lines serve the automotive and construction industries. Listed on KOSDAQ, Korea's tech and small-cap board, the company operates production facilities domestically and through an overseas manufacturing subsidiary in Vietnam.

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

Financials

Source: DART · FY ending Dec · latest FY2025
Revenue · FY2025
US$31.3M
▲ +26.7% YoY
Operating profit · FY2025
US$4M
▲ +79.7% YoY
Net income · FY2025
US$3M
▲ +243.1% YoY

Revenue

  • FY2023US$26.3M
  • FY2024US$24.7M
  • FY2025US$31.3M

Operating profit

  • FY2023US$1.9M
  • FY2024US$2.2M
  • FY2025US$4M

Net income

  • FY2023US$725.3K
  • FY2024US$866.8K
  • FY2025US$3M

Key ratios (FY2025)

ROE
10.2%
Debt/Eq
81.4%
Op. margin
12.8%
Net margin
9.5%
Rev. YoY
▲ +26.7%

Why it matters

Waps has its headquarters and research centre in Busan and runs domestic factories in Cheongju and Yangsan, giving it a geographically distributed Korean production base.

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For informational purposes only. This is not investment advice, a recommendation, or a solicitation to buy or sell any security. Do your own research; any investment decision is your own responsibility.

Data from DART, Korea's official corporate-filing system. Data sourced from official DART filings. Accuracy is not guaranteed. Figures are as of the date shown. As of 2026-06-12 (KST). · FX: 1 USD ≈ ₩1,380 (2026-06-01).

Company summaries are generated and may contain errors; financial figures are mapped directly from official filings.