Kona I Reports Strong Q1 2026: Revenue 76.96B KRW, Operating Profit 24.78B KRW; Dividend Payout Ratio Raised to 25%

Consolidated Q1 2026 revenue 76.96B KRW, operating profit 24.78B KRW (margin 32.2%), net income 23.43B KRW
Dividend policy enhanced: payout ratio increased to ≥25% of consolidated net income (from ≥20%) for 2026-2028. 2025 annual dividend 1,200 KRW/share (vs 680 KRW/share in 2024)
Segments: Smart Card (DID) 66.2%, Platform 23.2%, Others 10.6%. Global metal card market duopoly maintained; regional currency platform cumulative payments exceed 70 trillion KRW
Financial health: Cash 223.2B KRW, debt ratio 102.4%, equity 264.1B KRW
R&D: Active in 5G USIM, biometric cards, CBDC offline card. R&D cost 3.38B KRW (4.4% of revenue)
Risks: 5 pending lawsuits (total claim ~15.1B KRW); losses at some subsidiaries; tax dispute ongoing