YAS Q1 2026 Turns to Profit and Secures Major Orders - Performance Turnaround Visible

Consolidated revenue KRW 32.6B, operating profit KRW 5.2B, net profit KRW 5.6B (vs. prior year Q1: revenue KRW 4.0B, net loss KRW 5.1B)
Major OLED deposition equipment orders: LG Display KRW 6.8B completed, CSOT (China) mass-production equipment order (undisclosed, delivery by end-2027)
New business: semiconductor packaging inspection equipment development, test equipment order from US company A
Issued exchangeable bonds for 989,531 treasury shares (conversion price KRW 12,064, maturity 2030) - potential dilution
Credit rating BBB- (NICE D&B, previous BBB0) - slight downgrade
Debt ratio 44.9% (up from 28.7% prior year), net debt KRW 10.1B (prior year net cash KRW 7.0B) - due to exchangeable bonds
Operating cash flow -KRW 1.4B (increased inventory and prepayments)