Vitzrocell: Q1 2026 consolidated sales KRW 68.3B (+26.6%), operating profit KRW 20.3B (+34.5%), net profit KRW 20.2B (+55.6%)

Q1 2026 consolidated sales KRW 68.3B (+26.6% YoY), operating profit KRW 20.3B (+34.5%), net profit KRW 20.2B (+55.6%).
Balanced growth across all segments: BOBBIN battery KRW 33.0B, high-temp battery KRW 9.9B, ampoule battery KRW 7.0B; Innova subsidiary contributed KRW 7.3B.
Operating margin improved to 29.7% (vs 27.9% YoY) despite higher SG&A expenses (KRW 7.1B vs 4.8B), driven by fixed cost efficiency.
Financial income surged to KRW 5.1B (vs KRW 2.2B YoY), including KRW 4.3B in valuation gains on short/long-term financial instruments.
As of March 2026: total assets KRW 389.4B, total liabilities KRW 49.9B, equity KRW 339.6B; solid financial structure.
Strong liquidity with cash and cash equivalents KRW 15.8B and short-term financial instruments KRW 127.4B.
Pending lawsuit from ITRON FRANCE SAS claiming damages of KRW 7.9B (first trial); company expects no material impact.
Dividend policy: minimum 20% payout ratio for 2024-2026, considering 25%+ from 2027 onwards.