Chips&Media: Q1 net profit turns to black, AI ISP launch positive

Consolidated Q1 2026 revenue KRW 5.78B (+7.6% YoY), operating profit KRW 181M (slight decline YoY), net profit KRW 1.29B (swing from loss of KRW 686M in Q1 2025)
R&D expenditure 47.6% of revenue (KRW 2.75B), continued investment
Launched world's first AI ISP (Jan 2026), new NPU IP license contracts signed
2025 dividend of KRW 116 per share (total KRW 2.38B) paid in April 2026
Consolidated cash and equivalents KRW 11.78B, treasury shares 254,443 shares
3 new license contracts signed through China JV
Issued KRW 10B exchangeable bonds (conversion price KRW 19,541, currently below market price)
Operating cash flow KRW 888M (improved from -KRW 3.035B in Q1 2025)