Elensys 2026 Q1 Results: Revenue +2.4%, Net Profit +21%, Dividend 50 Won Maintained

Consolidated: Revenue 19.1B (+2.4% YoY), OP 1.2B (margin 6.2%), NP 1.8B (+21%)
Separate: Revenue 14.5B, OP 0.9B, NP 1.5B
FY2025 cash dividend 50 won/share (total 1.5B) paid in April 2026
Net cash (debt-free): Cash 4.9B vs borrowings 2.0B (net debt ratio 0%)
Credit rating downgraded: NICE BBB+→BBB0 (Apr 2026)
Top 4 customers account for 59% of sales (Coway, Kolonobita, Intercreative, Izen)
R&D expenses 0.2B (1.01% of sales)
No material contingencies or litigation