Fino Q1 Sales at KRW 109.1B, Operating Profit KRW 9.5B, Turned to Black on New Energy

Q1 2026 consolidated sales KRW 109.1B (up 97% YoY from KRW 55.4B), operating profit KRW 9.5B (from KRW 53M), net profit KRW 8.9B (from net loss KRW 2.2B), turnaround to profit
New energy segment sales KRW 108.9B (99.9% of total), strong precursor and related material sales, expanded related-party transactions with CNGR group
Debt ratio 80.31% (end-2025: 66.55%), cash and equivalents KRW 49.9B, remaining convertible bonds KRW 15.0B (maturity 2027)
On April 6, 2026, issued 14,294,467 new shares via third-party allotment (approx. KRW 6.7B), with 1-year lock-up
Additional investment of KRW 6.4B in associate CNP New Material Technology (29% stake), recognized equity method loss of KRW 0.2B
Credit rating improved to BB+ (NICE D&B, Nov 2025)
Game business discontinued, telecom equipment segment sales KRW 0.15B (insignificant)
No dividends, 120,000 treasury shares held