AVACO: Order backlog of 504.6 bln won, share buyback strengthens shareholder returns
FPD and secondary battery equipment manufacturer; R&D expenditure ratio 13.2% (1,683 million won) and order backlog 504,638 million won
Consolidated Q1 2026: revenue 14,837 million won, operating loss 4,001 million won, net income 1,448 million won (includes FX gain of 7,721 million). FY2025: revenue 392,896 million, operating profit 34,618 million
Shareholder returns: cash dividend of 500 won per share (total 7,142 million) and share buyback (431,216 shares, 6,519 million), treasury shares held 810,508
Acquired 78.95% of US automotive equipment maker YESOL Corp. in Feb 2026 for 6.5 billion won
Order backlog of 504,638 million won (display 403,785 million, battery 100,853 million) provides strong future revenue base
Litigation risk: lawsuit against suppliers for debt non-existence; subject to attachment of claims of 6,273 million; no provision recognized
Cash and cash equivalents surged to 78,487 million from 19,209 million at year-end 2025