IQUEST's Q1 2026 Consolidated Net Income Surges but Heavily Reliant on One-off Gains
Consolidated Q1 2026 revenue: 10.5 billion won (+7.6% YoY), operating profit: 0.6 billion won (-39% YoY) indicating profitability decline
Separate (ERP) segment: revenue 4.2 billion won (+18.2%), operating profit 1.0 billion won (+16.7%) showing strong performance
Subsidiary Dfocus (IT consulting) recorded an operating loss of 0.32 billion won, dragging down consolidated results
Consolidated net income (controlling) of 4.4 billion won (+91% YoY) heavily reliant on one-off gains: 2.5 billion from financial asset disposal and 3.3 billion from asset sale
Adjusted debt ratio improved to 48.5% (from 65.9% at year-end), total borrowings reduced to 40.5 billion won (from 42.8 billion)
Cash and equivalents increased to 19.5 billion won; treasury stock trust agreement and free stock issuance executed
2025 year-end dividend paid (15 consecutive years); 2:1 share split approved in March 2026 AGM (new shares listed on May 7)
Pending lawsuit for 0.24 billion won related to ERP implementation fee refund, but financial impact is immaterial