SOLUM 1Q 2026: Operating Profit KRW 21.7B, RCPS Lawsuit Risk and Credit Rating Downgrade
Consolidated revenue KRW 478.2B, operating profit KRW 21.7B, net income KRW 4.7B (EPS 63 won)
Revenue and operating profit at 28% and 47% of FY2025 levels respectively (seasonal)
Two lawsuits seeking invalidation of 7M RCPS issued in July 2025 (filed by Align Partners and individual shareholder); company expects dismissal after settlement with Align Partners
Credit rating downgraded: Nice D&B from BBB- to BB+, Ecredible from BB to BB- (as of March 2026)
Debt-to-equity ratio 141.18% (up from 126.83% at end of FY2025)
Shareholder return: Cash dividend for FY2025 decided; capital reduction of KRW 10B from share premium to retained earnings (deemed dividend)
Samsung Electronics accounts for 46% of sales (KRW 220.2B)
R&D expenses KRW 8.6B (1.8% of revenue)
Number of consolidated subsidiaries increased to 33 (from 31 at year-end)