Model Solution 2026 Q1 Strong Results: Revenue +14%, Net Profit +225%, Debt Ratio 18.7%

Revenue 18,709 million KRW (+14% YoY), Operating profit 748 million, Net profit 1,966 million (+225% YoY)
Debt ratio 18.73% (end-2025: 35.10%), short-term borrowings fully repaid, cash equivalents 12,585 million
Subsidiary Model Solution Inc. liquidated (Feb 2026), switched to individual financial statements
Dividend of 280 KRW per share, total 1,791 million paid (prior year dividend)
R&D expenses 433 million (2.31% of sales), new product development including AR smart goggles
Oct 2025 sanction from Securities and Futures Commission: fine 190 million KRW, auditor designation 3 years (internal system improvements completed)