WITS Reports Q1 2026 Consolidated Sales of KRW 54.9B, Operating Profit of KRW 1.5B – Declares Dividend of KRW 300 per Share

Consolidated revenue: KRW 54,906 million (up 70.7% YoY from KRW 32,169 million)
Consolidated operating profit: KRW 1,497 million (vs. KRW 261 million in Q1 2025)
Net profit attributable to parent: KRW 2,971 million (vs. KRW 122 million)
EPS: KRW 222 (vs. KRW 10)
Proposed cash dividend of KRW 300 per share for FY2025
Debt-to-equity ratio: 248.8% (245.0% at end of 2025), net debt KRW 51,613 million
Credit ratings: B+ (eCredible), BB- (Nice Investors Service) – downgraded from prior year
Major customers: Samsung Electronics 58.3%, LG Electronics 19.0%, KG Mobility 9.8%
Convertible bonds outstanding: KRW 11.09 billion (conversion price adjusted to KRW 6,323 due to stock price decline)
Subsidiaries: BeyondEye (51% stake) posted net profit of KRW 2,106 million; WITS VINA posted net loss of KRW 870 million