Meerecompany Reports Q1 2026 Operating Profit Turnaround and Acquisition of Regent Partners
Consolidated revenue: 21.2 billion KRW (+68% YoY), operating profit: 1.3 billion KRW (vs -6.6 billion loss in Q1 2025), net profit: 3.8 billion KRW (vs -5.1 billion loss in Q1 2025). Turnaround to profitability.
In March 2026, acquired 51% stake in Regent Partners (venture capital), making it a subsidiary. Purchase price 10.5 billion KRW, goodwill 3.6 billion KRW.
Order backlog: 43.9 billion KRW (semiconductor/display equipment). Ongoing supply contracts with BOE (46.4 billion KRW) and SK Siltron (6.5 billion KRW).
No borrowings. Cash and cash equivalents: 18.4 billion KRW. Debt ratio: 1.88%. Strong financial position.
R&D expenses: 2.8 billion KRW (12.62% of revenue). Continued investment in new businesses (semiconductor, battery equipment, 3D camera, surgical robots).
No dividends or share buyback/scheduled during the quarter.