Q1 2026 revenue: 43,589 million KRW (+72.5% YoY), operating profit: 4,729 million KRW (+158% YoY), net income: 3,689 million KRW (vs. approx. 1,470 million in Q1 2025).
Revenue surge driven by pre-buying demand due to supply chain uncertainty from Middle East conflicts (temporary factor) and increased orders from major clients like Nonghyup.
Short-term borrowings increased to 54,366 million KRW (+25.6% from year-end 2025), cash decreased to 2,006 million KRW. Higher financial leverage.
Trade receivables jumped to 40,176 million KRW from 12,240 million at year-end 2025, reflecting the revenue spike.
Full year 2025: revenue 99,737 million, operating profit 3,820 million, net income 1,973 million. Q1 2026 performance significantly outperforms annual run-rate.
Related party Leaders Chemical sold all its shares on March 13, 2026; major shareholder Kyung Nong retains 54.56%.
Guarantees received from CEO and major shareholder (approx. 4.8 billion KRW and USD 6.74 million).
Credit rating maintained at AA0 (NICE d&b, July 2025).
Basic EPS: 711 KRW (vs. estimated 283 KRW in Q1 2025), a sharp increase.