Almac

알멕 · 354320

Materials Metals · KOSDAQ

Small-cap

Market cap US$279.3M (₩385.4B)

Overview

Almac makes aluminium extrusion components, shaped aluminium profiles and structural parts, primarily for electric vehicles, including the metal cases that house battery modules.

It supplies these parts to major global automakers such as Volkswagen, Audi, Porsche, General Motors, Jaguar Land Rover, Rivian, and Lucid Group, largely through battery-cell manufacturers acting as intermediaries in the supply chain. Listed on KOSDAQ, Korea's tech and small-cap board, the company has built an integrated in-house production process covering alloy preparation, extrusion, post-processing, surface treatment, and assembly.

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

Financials

Source: DART · FY ending Dec · latest FY2025

Revenue · FY2025

US$136.1M

▲ +19.7% YoY

Operating profit · FY2025

US$4.5M

Turned profitable

Net income · FY2025

−US$4.4M

Loss widened

Revenue, operating profit and net income by fiscal year (USD; KRW in parentheses).
Metric	FY2023	FY2024	FY2025
Revenue	US$156.5M(₩216B)	US$113.7M(₩156.9B)	US$136.1M(₩187.8B)
Operating profit	US$11.5M(₩15.9B)	−US$2M(−₩2.7B)	US$4.5M(₩6.2B)
Net income	−US$4.8M(−₩6.6B)	−US$1.7M(−₩2.4B)	−US$4.4M(−₩6.1B)

Revenue

FY2023US$156.5M
FY2024US$113.7M
FY2025US$136.1M

Operating profit

FY2023US$11.5M
FY2024−US$2M
FY2025US$4.5M

Net income

FY2023−US$4.8M
FY2024−US$1.7M
FY2025−US$4.4M

Key ratios (FY2025)

ROE

-3.8%

Debt/Eq

112.7%

Op. margin

3.3%

Net margin

-3.3%

Rev. YoY

▲ +19.7%

Why it matters

Almac is the sole aluminium supplier to both GM Korea and KGM Mobility (formerly Ssangyong Motor) with a fully integrated in-house production line covering every stage from casting to assembly.

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