Ubiquoss Q1 2026: Revenue +6.7%, Net Income +115%, Strong Balance Sheet, Ongoing Shareholder Return Policy

Q1 2026 consolidated revenue: KRW 22.9bn (+6.7% YoY), operating profit: KRW 3.7bn (+56.4%), net income: KRW 7.2bn (+115.1%)
R&D expense 12.66% of sales, maintaining technological edge
Debt ratio 13.1%, net cash KRW 77.7bn, only KRW 1bn interest-free loan → sound financial structure
Credit rating A (iCreable), maintaining high grade
Shareholder return policy: 40% of adjusted consolidated net income for dividends and share buybacks/cancellations (2026~2028)
In FY2025, 252,890 treasury shares cancelled; also cancelled in FY2024
Customer concentration: top 2 customers account for 79% of sales (presumed KT, LGU+) → concentration risk
No pending litigation or contingent liabilities
Expect network investment cycle within 3~5 years driven by AI highway policy and 10G internet expansion
New products like battery-integrated switch, 10G-EPON OLT being commercialized; overseas expansion ongoing