Zenix Robotics Posts Q1 2026 Operating Loss of KRW 3.1 Billion, Credit Rating Downgraded to BB+

Consolidated Q1 2026 sales of KRW 4.3 billion, operating loss of KRW 3.1 billion, net loss of KRW 2.4 billion (YoY sales decline, swing to loss)
EPS of (185) won (vs (36) won in Q1 2025)
Credit rating downgraded by 이크레더블 from BBB- to BB+ as of April 7, 2026
Total borrowings of KRW 21.5 billion, net debt of KRW 9.6 billion (gearing ratio 17.2%, up from 6.2% at year-end 2025)
Issued first unsecured private convertible bonds of KRW 14 billion (conversion price KRW 15,893, maturity 2028)
R&D expenses of KRW 0.79 billion (18.3% of sales), pursuing new business in port automation
Largest shareholder Bae Seong-gwan holds 36.59%, treasury shares of 138,983 shares (1.06%)
No dividend or share buyback/cancellation plans