GFI Q1 2026: Consolidated Revenue Surges 3x YoY to KRW 19.47B, Operating Profit Turns Positive

Consolidated revenue: KRW 19.47B (vs KRW 6.18B in Q1 2025, +215%); Operating profit: KRW 2.90B (vs loss); Net profit attributable to parent: KRW 3.04B (vs KRW 1.44B)
First quarter after KOSDAQ listing (Jan 2026); plans to invest KRW 5.5B in production facilities using SPAC merger proceeds
Total assets: KRW 67.3B, debt ratio 25%; net cash position of KRW 9.4B (vs borrowings of KRW 0.7B)
Holds 814K shares (10.6%) as treasury stock; no dividends; convertible bonds (KRW 0.99B, conversion price KRW 1,000) and derivative liabilities (KRW 2.59B) outstanding
Main products: DI-KIT, battery fire suppression sheet; new thermal runaway prevention pad revenue (KRW 3.3B)
Two pending lawsuits (trademark cancellation KRW 0.1B, personal injury KRW 0.03B) with limited financial impact