InnoAX Q1 2026: Revenue +24.5%, Dividend & M&A Positive

Q1 2026 consolidated revenue KRW 7.14bn (+24.5% YoY), operating profit KRW 460mn, net profit KRW 624mn (down from KRW 697mn a year ago)
Debt ratio 17.9% with stable financial structure, cash and cash equivalents KRW 4.6bn, accrued dividends KRW 1.11bn (shareholder return)
Order backlog KRW 18.11bn, up 12.6% from KRW 16.08bn at end-2025
Acquired subsidiaries SJ Link and RemainSoft in February 2026 for KRW 1.05bn
Equity method loss of KRW 46mn from associate AgileSoda, which has negative equity of KRW 6.1bn
Litigation provision of KRW 177mn fully utilized, resolving litigation risk
R&D expenses KRW 559mn (7.8% of sales vs 10.9% in prior year period, improved efficiency)
Maintains high product adoption rates: 72.2% in domestic insurers and 75.0% in card companies