Invenia 1Q26 Consolidated Revenue KRW 14B, Operating Profit Turns Positive… Rights Offering Strengthens Financial Structure

Consolidated revenue KRW 14.0B (up 475% YoY), operating profit KRW 191M (turned positive), net profit KRW 2.2B (turned positive).
Rights offering in Feb 2026 issued 7,999,100 shares, increasing paid-in capital from KRW 6.9B to KRW 20.7B (par value basis).
Cash and cash equivalents KRW 12.6B (year-end 2025: KRW 4.1B), short-term borrowings KRW 18.1B (year-end 2025: KRW 25.2B), improving financial structure.
Inventory KRW 6.6B (year-end 2025: KRW 11.8B) decreased, contract assets KRW 9.5B.
Treasury shares: 354,146 shares (2.57% of outstanding).
One lawsuit pending (claim KRW 19.8M), management expects no material impact.
China sales account for 94% (KRW 13.2B).
Operating cash flow improved to KRW 4.2B (Q1 2025: KRW 0.96B).