TP Inc. Q1 2026 Results Positive with Share Buyback and Credit Rating Upgrade
Consolidated Q1 2026: Revenue 248.9B KRW, Operating Profit 14.7B KRW, Net Income 12.5B KRW (EPS 271 KRW)
During the quarter, 4,277,780 treasury shares cancelled (total shares reduced from 51,175,130 to 46,897,350; largest shareholder stake increased to 33.25%)
Credit rating upgrade: KIS Corporate bond BB+→BBB- (Stable) on 2026.03.20; NICE BBB- (Stable); CP A3- maintained
Net debt 319.1B KRW, Net debt-to-equity ratio 107% (up from 98% at year-end 2025), Debt ratio 182.3%
25 subsidiaries, including newly established Egyptian entity (TMPA)
R&D expense 0.39B KRW (0.22% of sales)
Prior year (54th) dividend of 75 KRW per share paid (approved at Mar 2026 AGM); no dividend for current quarter
Provides guarantees to subsidiaries (with limits); tax audit settled with 178M KRW additional payment