Consolidated Q1 2026 revenue 13.28B KRW, operating profit 1.34B KRW, turning to profit from full-year 2025 operating loss of 1.56B KRW. Net profit 0.8B KRW.
Secured 80B KRW order for cylindrical 46-pi battery equipment (customer undisclosed), recognized 4.97B KRW revenue and received 2.88B KRW cash in Q1.
Debt ratio 58.67%, stable; cash 2.31B KRW (down from 3.93B at end of 2025); convertible bonds 6.9B KRW and borrowings 6.84B KRW.
R&D expenditure 0.45B KRW (3.4% of sales), holding 4 patents for 46-pi battery technologies.
Foreign exchange sensitivity: 10% change in USD/CNY impacts pretax profit by ~0.1B KRW.