Senko: Q1 2026 Revenue Up 36% but Operating Loss; Treasury Shares Cancelled

Q1 2026 consolidated revenue 8.84B KRW (+36.1% YoY), operating loss 0.20B KRW (swing from profit in prior year)
Net income of 1.50B KRW (consolidated) / 2.27B KRW (standalone) due to a 1.15B gain from investment property disposal
All 700,000 treasury shares (book value 1.69B KRW) cancelled on Apr 22, 2026; total shares reduced to 37.11M
Cash and cash equivalents 19.41B, total borrowings 3.31B, net cash position 16.10B (standalone: net cash 15.73B)
R&D expense 0.63B (7.44% of sales); 42 patents held, maintaining technological edge
Litigation pending over failed land sale contract with The City; risk of suspension of Bucheon smart city project
Subsidiaries Yune (70% stake) and US entity both remain loss-making