TOP Material

탑머티리얼 · 360070

Industrials Electrical Equipment · KOSDAQ

Small-cap

Market cap US$74.5M (₩102.8B)

Overview

TOP Material supplies equipment and engineering services for building rechargeable-battery production lines, and also makes battery electrodes, the internal components that determine a battery's performance.

Listed on KOSDAQ, Korea's tech-focused small-cap exchange, it serves rechargeable-battery developers and manufacturers, with the majority of its revenue coming from overseas customers in Europe and the United States. Its systems-engineering business, which delivers fully integrated, turnkey production-line setups, accounts for the large majority of its revenue, while electrode materials make up most of the remainder.

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

Financials

Source: DART · FY ending Dec · latest FY2025

Revenue · FY2025

US$16.8M

▼ −78.2% YoY

Operating profit · FY2025

−US$25.5M

Loss widened

Net income · FY2025

−US$22.2M

Loss widened

Revenue, operating profit and net income by fiscal year (USD; KRW in parentheses).
Metric	FY2023	FY2024	FY2025
Revenue	US$88.5M(₩122.2B)	US$76.9M(₩106.1B)	US$16.8M(₩23.1B)
Operating profit	US$10M(₩13.8B)	−US$5.2M(−₩7.2B)	−US$25.5M(−₩35.2B)
Net income	US$12.7M(₩17.6B)	−US$5.9M(−₩8.2B)	−US$22.2M(−₩30.7B)

Revenue

FY2023US$88.5M
FY2024US$76.9M
FY2025US$16.8M

Operating profit

FY2023US$10M
FY2024−US$5.2M
FY2025−US$25.5M

Net income

FY2023US$12.7M
FY2024−US$5.9M
FY2025−US$22.2M

Key ratios (FY2025)

ROE

-28.1%

Debt/Eq

71.6%

Op. margin

-152.2%

Net margin

-132.7%

Rev. YoY

▼ −78.2%

Why it matters

The company is also developing next-generation cathode materials as a new business line, which it intends to process into electrodes for supply to battery makers.

Price charts coming soon

Interactive price history isn't here yet. Would you use it?