Yesuntech Swings to Consolidated Profit in Q1 2026, Debt Ratio Improves

Consolidated revenue KRW 105,170mn (+3.8% YoY), net profit attributable to parent KRW 1,143mn (vs. loss of KRW 801mn in prior year period)
Consolidated debt ratio 221.22% (improved from 232.78% at year-end), net debt ratio 157.05% (improved from 169.50%)
Standalone debt ratio remains very high at 962.09%
Full redemption of remaining KRW 500mn convertible bonds in Jan 2026, eliminating derivative liability of KRW 213mn
Filed 4 new patents related to EV battery flame barrier materials; second factory in Guangzhou, China under construction
Two pending lawsuits (KRW 50mn as plaintiff, KRW 428mn as defendant; outcome uncertain)
Recognized impairment loss of KRW 419mn on investment in Suzhou subsidiary (standalone basis)