Truen Q1 2026 Earnings Decline, Share Cancellation and Buyback Continue

Q1 2026 revenue: KRW 7.82 billion (down 21% YoY from KRW 9.89 billion), operating profit KRW 1.68 billion, net income KRW 1.64 billion (down 33% YoY from KRW 2.45 billion)
Completed cancellation of 531,259 common shares in Dec 2025 (total shares reduced to 10,468,391)
Treasury share acquisition trust agreement in place (reported Mar 16, 2026), ongoing shareholder return policy
Strong financials: cash & equivalents KRW 47.56 billion, debt ratio 5%, debt-free
Credit rating AA0 (NICE D&B), stable
R&D expenditure KRW 0.81 billion (10.26% of sales), focused on AI and IoT
Listed as KOSDAQ Rising Star (Aug 2025), won TTA test certification grand prize
Overseas sales growth: Europe KRW 0.79 billion (vs KRW 0.37 billion in prior quarter), expanding in North America