SK hynix Books 3.98 Trillion Won Derivatives Loss on Exchangeable Bonds
SKHY sits 35% above its 52-week low of $124.8.
Summary
SK hynix reported a 3.98 trillion won non-cash derivatives loss for H1 2026 from exchangeable bond exercises, offset by treasury share gains.
Key Events · Legal and Risk Events · SKHY
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Derivatives Loss Recognized
A loss on transaction of derivatives of 3,977,121,095,025 won (3.3% of total equity) was recognized for H1 2026 due to exchangeable bond exercises and share price increases.
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Non-Cash Accounting Impact
The loss is a fair-value measurement under IFRS with no actual cash outflow, and is offset by gains on disposal of treasury shares, resulting in minimal net impact on total equity.
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Exchangeable Bonds Fully Exchanged
All exchanges of the company's outstanding exchangeable bonds were completed during H1 2026, so no loss on valuation of derivatives was recognized for the period.
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Confirmation Date
The loss was confirmed on August 14, 2026, the date the company submitted its semi-annual business report for H1 2026.
Analysis · SKHY · Manufacturing
A 3.98 trillion won derivatives loss—equal to 3.3% of total equity—was recognized in H1 2026 as exchange rights under the April 2023 exchangeable bonds were exercised amid a rising share price. The loss is non-cash and largely offset by gains on disposal of treasury shares, so the net impact on equity is minimal. Still, the size of the loss relative to equity is notable and reflects the company's share price appreciation during the period.
At the time of this filing, SKHY was trading at $167.90 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $815.1B. The 52-week trading range was $124.80 to $194.80. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.