CTR Mobility 2026 Q1 Consolidated Net Loss of 1.9B Won, Debt Ratio Rises to 311%, Credit Rating Improves

Consolidated Q1 2026 revenue: KRW 109.5B, operating profit: KRW 0.3B, net loss: KRW 1.9B (continued losses vs full-year 2025 net loss of KRW 3.2B)
Debt ratio at 311.5%, up 27.9%p from 283.6% at year-end 2025, worsening financial structure
Credit rating improved to BB0 (NICE) from B, easing liquidity concerns
Cash and cash equivalents increased to KRW 13.7B from KRW 9.4B at year-end 2025, improving short-term solvency
High customer concentration on Hyundai Motor Group (drivetrain parts 59.7%, suspension parts 41.3%)
R&D expenditure: KRW 1.5B (1.4% of revenue), continuing development of ball screws and other new parts
Total financial liabilities: KRW 258.4B including borrowings of KRW 194.6B and convertible bonds of KRW 5.4B
Sensitivity to 1% interest rate increase would decrease pre-tax profit by KRW 1.1B; interest rate risk present
No share buyback, cancellation, or dividend plans