Suheung 1Q26 Revenue Up 21%, Operating Profit Surges; Credit Rating A-(Stable)

Consolidated 1Q26 revenue: 201.6 billion KRW (estimated ~21% YoY increase based on FY2025 annual revenue of 722.3 billion)
Operating profit: 21.2 billion KRW (achieved ~42% of FY2025 operating profit in one quarter, significant improvement)
Net profit attributable to parent: 11.8 billion KRW, EPS 1,061 KRW (annualized EPS ~4,244 KRW vs FY2025 EPS 3,911)
Credit rating: A- (stable) for unsecured bonds by both NICE and KIS (as of 2025)
Total assets: 1,087.6 billion KRW, debt ratio 95.5% (slightly improved from 96.1% at end-2025)
Cash & cash equivalents: 53.3 billion KRW (up from 48.2 billion)
Inventory: 252.8 billion KRW, 23.2% of total assets (down from 25.4%)
R&D expenses: 2.1 billion KRW (2.12% of sales)
No share buyback/cancellation plans, no material litigation or contingencies