Nano Q1 2026: Operating Loss Widens, Order Backlog at 53.3bn Won
Consolidated revenue 11.0bn won (down 19% YoY from 13.7bn), operating loss 0.9bn won (vs loss 0.3bn last year), net loss attributable to parent 1.0bn won (vs profit 3.5bn last year)
Order backlog 53.3bn won (including 4.7bn Saudi project), no construction contract backlog
Debt ratio 172% (vs 136% end-2025), borrowings 33.1bn won, cash & equivalents plummeted to 4.7bn won
Associate NANO AUTOMOTIVE (Spain) under liquidation (already fully impaired)
Benefiting from tightening global environmental regulations; new high-density catalyst plant (2,500 m³/yr) completed end-2025
Corporate income tax expense nil; R&D costs 0.14bn won (1.26% of sales)