Union Biometrics Swings to Operating Loss in Q1 2026... Sales Decline and Debt Increase
Consolidated sales of KRW 11.4bn in Q1 (down 11.1% YoY), operating loss of KRW 0.86bn
Net profit of KRW 0.31bn (down 66% from KRW 0.92bn YoY), EPS of KRW 26
Total borrowings increased to KRW 9.5bn (from KRW 8.0bn at year-end), net debt of KRW 3.0bn, capital leverage ratio 6.87% (from 1.07%)
Cash and cash equivalents declined to KRW 6.5bn (from KRW 7.6bn)
Shareholder return policy: plan to pay cash dividends of at least 25% of prior year's separate net income; 26th AGM approved dividend of KRW 90 per share (total KRW 1.08bn)
R&D expenses of KRW 1.13bn (9.89% of sales), holding 216 intellectual property rights (patents, etc.)
Largest shareholder Shin Yo-sik owns 21.64%, treasury shares 14.98%