Finecircuit Q1 2026: Revenue Plunges 36% but Turns to Profit; Credit Rating Downgraded

Consolidated revenue: 16.6 billion KRW (down 36% YoY from 25.9 billion)
Operating profit: 0.22 billion KRW, turned to profit (vs operating loss in prior year period)
Net profit: 0.7 billion KRW, turned to profit (vs net loss)
Separate revenue: 12.6 billion KRW, operating loss of 0.21 billion KRW, loss significantly narrowed
Credit rating downgraded to BB- (by Kreditable, April 2026)
Pending lawsuit for damages of 0.99 billion KRW in first trial
No dividends or share buyback/cancellation (no shareholder return)
All convertible bonds fully redeemed (balance: 0)
Subsidiary U&C International contributed net profit of 0.65 billion KRW