Solus Advanced Materials 2026 Q1: Consolidated Operating Loss Narrows, Separate Entity Remains Profitable

Consolidated revenue KRW 192.6B (battery foil 86.3%), operating loss KRW 22.0B (FY25: 73.3B), net loss KRW 2.9B (FY25: 138.4B), loss narrowed.
Separate: revenue KRW 25.6B, operating profit KRW 0.5B, net profit KRW 20.3B.
Debt ratio 157.4% (FY25-end: 128.5%), borrowings KRW 1.1T.
Battery foil utilization 62.1% (new plant relocation), OLED/Advanced materials 7.2%.
Completed sale of Circuit Foil Luxembourg shares.
R&D expense KRW 3.4B (1.75% of revenue), increased patent registrations.