Oneul ENM Sees 36% Surge in Half-Year Sales... Antenna Business on Track with U.S. AT&T Orders

KOSDAQ-listed company Oneul ENM (192410) significantly expanded its business scale in the first half of this year, driven by an increase in overseas sales in its core antenna business and the growth of its U.S. subsidiary. Increased orders resulting from AT&T's expanded investment in 5G mobile networks and telecommunications infrastructure have translated into improved performance for the U.S. subsidiary, accelerating the recovery of profitability in its main business.

According to the semiannual report disclosed by Oneul ENM in 2026, consolidated revenue for the first half of the year totaled 9.635 billion won. This represents a 35.98% increase—an additional 2.55 billion won—compared to 7.085 billion won for the same period last year.

The primary drivers of this growth were the antenna division at headquarters and the U.S. subsidiary. The headquarters' antenna division expanded its supply volume, particularly in overseas markets, achieving sales of 6.557 billion won in the first half of the year. The company explained that this has made the antenna division a core pillar of overall growth.

The growth trajectory of the U.S. subsidiary has been even steeper. The subsidiary posted 5.246 billion won in first-half sales, up 51% year-on-year, buoyed by increased orders in step with AT&T's expanded investments in 5G and telecom infrastructure.

Profitability has also improved. The U.S. subsidiary’s net profit for the first half of the year surged 120.1% year-on-year to reach 869 million won. The sharp profit increase, alongside sales growth at the U.S. unit, has provided further momentum for the company's overall consolidated performance.

Oneul ENM expects the global wave of 5G investment to continue fueling growth in its antenna business. With order volumes steadily rising at both headquarters and its U.S. subsidiary, the company plans to sustain its growth with a focus on overseas markets.

In particular, the company anticipates that a supply contract with KT in the second half of the year will serve as an additional driver for improved results. As the momentum gained from the U.S. business is complemented by new domestic supply agreements, Oneul ENM expects the scale of earnings improvement to accelerate toward the end of the year.

An official from Oneul ENM stated, "Orders for our U.S. subsidiary and headquarters’ antenna division are steadily increasing on the back of expanding global 5G investment. With the added momentum of the KT supply contract, we anticipate a significant boost in performance in the second half and at year-end. We will concentrate our capabilities on high-potential core businesses to achieve a full-fledged turnaround in the second half of the year."

Ultimately, Oneul ENM is targeting a turnaround in its second-half performance, building on simultaneous improvements in business scale and profitability driven by expanded overseas sales in its core antenna business and robust growth at its U.S. subsidiary—particularly thanks to AT&T orders.

This content was produced with the assistance of AI translation services.