CONTEC Q1 2026: Parent Turns Profitable, Financial Structure Improves; Subsidiary Sale Positive

Separate (parent): Operating profit 154M won (swung to profit), net income 1,669M won (vs prior year operating loss 3,831M, net loss 2,026M)
Consolidated: Revenue 18,223M won (vs 18,783M), operating loss 2,438M (vs 2,609M), net loss 731M (vs 4,819M) → reduced losses
Adjusted debt-to-equity ratio plunged from 28.5% to 15.1% (due to treasury share sale of 250,000 shares and conversion of 529,955 shares from CB)
Decision to sell subsidiary CSO (sale price 6,725M won, expected gain ~6,681M won, to be reflected in Q2 2026)
New orders: ~2,534M won (including solar observation satellite ground station); order backlog 68,071M won
Consolidated operating loss continues, some subsidiaries (AP위성 etc.) in red, R&D expense 1,622M won (9% of revenue)