WATOS COREA Q1 2026 Sales Decline and Wider Operating Loss, Continued Share Buyback
Q1 2026 revenue of KRW 3.02 billion, down 19.1% from KRW 3.74 billion in Q1 2025
Operating loss of KRW 834 million (vs loss of KRW 789 million in Q1 2025), net loss of KRW 235 million (vs net profit of KRW 208 million in Q1 2025)
EPS of -KRW 54 (vs EPS of KRW 30 in Q1 2025)
Debt ratio at 13.7%, up from 6.9% at end of 2025 (increase in current liabilities)
Treasury shares increased to 925,047 shares (KRW 5.08 billion) from 839,104 shares (KRW 4.47 billion) at end of 2025 due to trust extension and additional purchase
2025 dividend of KRW 2.56 billion (KRW 355 per share) fully paid
No borrowings, strong liquidity with cash of KRW 1.17 billion and short-term financial assets of KRW 51.19 billion
Recognized KRW 1.44 billion impairment losses on tangible and intangible assets in 2025