QRT Reports Q1 2026 Consolidated Revenue of KRW 20.4B (+33% YoY) and Operating Profit of KRW 3.0B, Credit Rating Upgraded to A-

Q1 2026 consolidated revenue KRW 20.4B (+33% YoY), operating profit KRW 3.0B, net profit KRW 2.7B (sharp increase from KRW 0.3B in Q1 2025)
Credit rating upgraded to A- (NICE D&B, Korea Rating & Data) as of end-2025, from BBB+ previously
Cash dividend of KRW 480 per share paid for 4 consecutive years; plan to propose amendment to articles for dividend procedure improvement at 13th AGM
Issued KRW 10.7B exchangeable bond in Sep 2025 (conversion price KRW 17,674, exchangeable into 606,833 treasury shares), maturing 2030
Customer concentration: top customer accounts for 40% of revenue (separate basis)
Full impairment (allowance) on KRW 1.27B loan to related party OUTERMOST-Technology
Provided joint guarantee of USD 11M for subsidiary QRT Hongkong Limited's borrowings
Capital expenditure ongoing: construction in progress KRW 15.5B related to Yongin semiconductor cluster, with KRW 7.1B in bridge loans
Expanding export of reliability testing equipment for space, defense, and AI semiconductors (secured order from European defense company)
Separate net debt negative (cash & equivalents exceed borrowings), indicating healthy financial position