M.I.Tech 2026 Q1: Revenue Slightly Down, Operating Profit 26%↓, Cash Dividend Approved and Solid Financial Structure

Q1 2026 consolidated revenue: 16.7 billion won (down 3% YoY), operating profit: 4.9 billion won (down 26% YoY), net income: 4.8 billion won.
Approved 2025 fiscal year cash dividend plan (board resolution).
Cash and cash equivalents: 32.4 billion won; total short-term liquidity: 37.4 billion won; no financial debt except lease liabilities (net cash position).
Vietnam subsidiary (MITECH PLANT VINA) established; production facility investment underway with mass production target in H2 2026.
Customs penalty of 489 million won paid for tariff classification error.
R&D expenses: 1.03 billion won (6.16% of sales); holds 94 patents domestically and internationally.
Credit rating maintained at A (ecredit), no contingent liabilities or pending litigation.