Valofe Reports Q1 2026 Profit Turnaround and Shareholder Return Policy
Consolidated Q1 2026 revenue of KRW 108.0 billion (up 25.8% YoY from KRW 85.8 billion), operating profit of KRW 9.8 billion (vs. operating loss of KRW 4.1 billion in Q1 2025), net profit of KRW 10.2 billion (vs. net loss of KRW 4.5 billion YoY).
Debt ratio improved to 69.03% from 74.09% at year-end 2025; net debt reduced to KRW 1.16 billion from KRW 5.45 billion.
Holds 1,805,926 treasury shares (3.55%); announced additional share buyback on May 6, 2026 as part of shareholder return policy.
Share consolidation (5:1) approved at the 7th AGM, effective April 10, 2026, reducing outstanding shares.
Outstanding convertible bonds of KRW 3.0 billion (2nd issue, conversion price KRW 833), maturing in 2029, with a call option of 35%.
Major subsidiaries: VALOFE Global, GOP Co., Ltd., Shanghai entity, etc. (4 companies, all 100% owned).
R&D expenses of KRW 0.84 billion (1.35% of revenue), focusing on AI-based system development.
Foreign currency exposure: significant USD, CNY, JPY assets/liabilities; a 10% FX change impacts pre-tax profit by approximately KRW 1.48 billion.