MPlus Q1 2026 Strong Results: Sales up 120%, Share Buyback and Dividend Increase

Q1 2026 consolidated sales: KRW 50.98bn (up 120% YoY from KRW 23.21bn), operating profit KRW 10.19bn, net profit KRW 11.77bn
EPS: KRW 975 (standalone KRW 993)
Dividend: Approved KRW 200 per share for FY2025 (up 100% from KRW 100)
Share buyback & cancellation: 116,872 shares cancelled on Jan 27, 2026 (~KRW 1bn); treasury shares at quarter-end: 210,301 shares (1.74%)
Convertible bond conversion: 33,000 new shares issued on Jan 2, 2026 (conversion price KRW 10,656)
Net cash: consolidated net debt -KRW 2.8bn (cash KRW 55.47bn, total borrowings KRW 52.67bn)
Order backlog: KRW 109.4bn (end-Q1)
Customer concentration: top 2 customers account for 76.5% of sales
R&D expenses: KRW 1.42bn (2.79% of sales)
Credit rating: BB+~BBB-