Q1 2026 sales: 10.46 billion KRW (up 40% YoY from 7.47B), operating profit 0.55B, net profit 0.31B. Turnaround from net loss of 0.63B in Q1 2025.
Battery additive sales reached 1.64B in Q1, exceeding full-year 2025 sales of 1.28B. Mass production of zirconia, alumina, cobalt hydroxide completed with client audits.
Debt ratio improved to 101.8% from 118.2% at end-2025; net debt ratio down to 45.8%. Cash equivalents surged to 0.75B from 0.04B.
During Q1, 2.92M shares issued upon conversion of 3rd series CBs. On Apr 20, fully redeemed company-held 2nd series CBs (face value 4.9B).
On Apr 15, conversion price of 3rd series CBs raised from 1,095 won to 1,392 won, reducing potential dilution.
Ongoing litigation (loan repayment claim of 1.0B) in second trial; no change in litigation provision.
In Jul 2025, obtained manufacturing license for cobalt hydroxide; signed MOU with global raw material firm to secure supply chain.