Nuvotec Q1 Net Profit Surges to 507M Won YoY, Decides Share Cancellation
Q1 FY36 revenue 11.43B won (-3.6% YoY), operating profit 0.30B won (+34.5% YoY), net profit 0.51B won (6.4x increase YoY), showing improved profitability.
On 2026.04.02, decided and completed cancellation of 169,653 treasury shares (1.26% of outstanding). No treasury shares remaining after cancellation.
On 2026.03.31, decided cash dividend for 35th fiscal year: total 133.4M won (payout ratio and DPS undisclosed).
Ongoing lawsuit against Public Procurement Service for debt non-existence confirmation (claim approx. 1.01B won). Filed 2025.09.05, currently at answer stage.
Debt ratio 121.3%, borrowings 15.88B won (short-term 13.84B, long-term 2.05B), indicating financial burden.
Allowance for bad debts 12.90B won (including 9.94B won related to former CEO embezzlement, fully impaired).
R&D expense 0.15B won (1.35% of revenue), holding 87 IP rights including 81 patents.
Awarded Public Procurement Service Director Award on 2025.09.29, obtained Venture Business Certificate on 2026.01.29, PVC double-wall pipe green technology certification on 2025.05.22.
Major shareholder Eco Co., Ltd. and related parties hold 24.78%. No treasury shares after cancellation.