APS Q1 2026 Net Income Surges; Merger with Zenith World Completed
Consolidated revenue KRW 20.88 billion (+8.7% YoY), operating loss KRW 0.73 billion (improved from KRW 2.88 billion loss), net income attributable to parent KRW 9.82 billion (vs. KRW 0.05 billion) – driven by gain on disposal of associate investment (KRW 8.63 billion) and equity method income (KRW 5.12 billion)
Separate revenue KRW 3.71 billion (down from KRW 5.24 billion), operating profit KRW 1.50 billion (up from KRW 1.01 billion), net income KRW 8.06 billion (vs. KRW 0.27 billion) – non-recurring gains including dividend income KRW 1.77 billion and property disposal gain KRW 10.05 billion
Debt ratio improved to 64.3% from 72.6% at year-end; net cash position as cash exceeds borrowings
Completed absorption merger with subsidiary Zenith World (Apr 24, 2026) – to enhance semiconductor parts business synergy
Key subsidiaries performance: Konix Automation (software) sales KRW 8.60 billion, OP KRW 0.20 billion; Zenith World (semiconductor parts) sales KRW 8.35 billion, OP KRW 1.20 billion; Bison Medical (aesthetic devices) sales KRW 2.05 billion, loss KRW 0.75 billion; Konix Semitech (semiconductor equipment) sales KRW 0.08 billion, loss KRW 0.87 billion
Konix Semitech continues capital impairment (equity -KRW 9.62 billion); parent provides joint guarantee for its KRW 24 billion convertible bonds
R&D expense KRW 0.85 billion (4.09% of revenue) – ongoing development of new material (ECO-Almag) and semiconductor equipment SW