RAM Tech: Consolidated Operating Profit Turns Positive in Q1 2026, but Separate Entity Still in Red

Consolidated Q1 2026: Revenue 11.66bn won, Operating profit 0.47bn won (turnaround), Net profit 0.18bn won
Separate: Revenue 9.97bn won, Operating loss 0.39bn won (loss continues but narrowed YoY)
Total liabilities 68.89bn won, Equity 41.00bn won, Debt-to-equity ratio ~168%
Borrowings 62.82bn won (up from 57.58bn won at end-2025)
Cash and equivalents 17.19bn won (incl. short-term financial instruments 9.19bn won)
R&D expenses 0.48bn won (4.81% of revenue)
Credit rating B~B+ (eCredit, Korea Rating & Data)
No dividends, no share buyback/cancellation
All stock options expired (remaining maturity 0 years)
Chinese subsidiary Ramtai: Assets 18.07bn won, Q1 net profit 0.44bn won
Major customers: Company A 5.32bn, B 3.75bn, C 1.32bn (10%+ of consolidated revenue)
Litigation provision 13.6mn won maintained