Bosung Powertec Reports Strong Q1 2026 Earnings and Credit Rating Upgrade

Q1 2026 revenue: 40.86 billion won (+134% YoY), operating profit: 5.95 billion won (+284% YoY), net income: 4.92 billion won (+339% YoY)
Credit rating upgraded from BBB- to BBB+ (April 2026, iCREDIT)
Debt-to-equity ratio: 22.88%, no outstanding borrowings (KRW 9 billion facility unused)
Cash and cash equivalents: 33.8 billion won (up from 24.5 billion at year-end 2025)
Major orders: Shin Hanul nuclear power plant units 3&4 steel structures (KRW 56.1 billion), Donghaean-Singaepyeong transmission line towers, etc.
Holding 200,000 treasury shares (for stock price stabilization), no dividends
High customer concentration risk (KEPCO dependency)