Incross Q1 Operating Profit Down, Yet Continues Share Cancellation and Dividend

Consolidated Q1 2026 revenue 10.46B KRW (+2.8% YoY), operating profit 1.54B KRW (-23.4% YoY), net profit 2.04B KRW (-14.0% YoY)
On April 30, 2026, completed cancellation of 644,600 treasury shares (decrease in outstanding shares, no change in capital stock)
Cash dividend of 298 won per share for FY2025 (total 3.6B KRW, approved at AGM on March 26, 2026)
Zero debt ratio (no borrowings), cash and cash equivalents 41.05B KRW
In January 2026, major shareholder changed from SK Square to SK Networks (36.06% stake)
R&D expenses 632.7M KRW (6.05% of revenue), increased from prior year