APS Innovation Q1 2026 Results: Revenue +22%, Operating Profit +142%, Net Income +333% – Strong Growth

Consolidated revenue 19.6B won (Q1 2025: 16.0B, +22.5%), operating profit 3.0B won (1.2B, +142%), net income 6.5B won (1.5B, +333%)
Debt ratio 32% (year-end 2025: 33%), stable financial structure
EPS 306 won (Q1 2025: 69 won)
Order backlog 37.4B won (year-end: 57.5B) decreased due to large contract completion
R&D expenses 0.95B won (4.83% of sales), up from 1.5% in FY2025
No share buyback/cancellation or dividend announcement
Credit rating BB+ unchanged (Ecredible)