Makus Q1 2026: Operating Profit 9.1B Won, Continued Share Buybacks

Consolidated revenue 55.27B won (YoY -16.5%), Operating profit 9.09B won (YoY -6.1%), Net income 7.27B won (YoY -4.5%)
EPS 843 won (YoY +2.7%), Weighted avg shares 8.628M (YoY -6.9%)
Equity attributable to parent 117.21B won, Debt ratio 112.1% (FYE 2025: 86.4%)
Cash & cash equivalents 52.52B won, Net cash 28.85B won (Net debt ratio -24.5%)
Continued share buybacks: Treasury shares book value 36.62B won (FYE 2025: 31.42B won, +16.5%)
Shareholder return policy: Plan to distribute >30% of separate net income via dividends and share buybacks/cancellation (2025-2027)
Top 3 customers account for 39% of consolidated revenue (Co.A 15%, Co.B 13%, Co.C 11%)
Subsidiaries Makus Investment and Makus Systems recorded net losses of 323M won and 88M won respectively