Smotronic Q1 2026: Revenue +7.7%, operating profit soars; prior share cancellation boosts EPS

Consolidated Q1 2026 revenue 94,966M won (+7.7% YoY), operating profit 3,383M won (vs 702M won), net profit attributable to parent 4,169M won. Significant earnings improvement.
In Sep 2025, 395,167 shares (approx. 1.0%) were retired through retained earnings, reducing shares outstanding to 38,677,937 shares. Increases EPS.
No additional share buyback, cancellation, or dividend in Q1 2026.
Total borrowings decreased to 112,045M won from 121,126M won at year-end. Cash increased to 28,311M won from 21,541M won.
In Jul 2025, major shareholder changed to Pytronics Co., Ltd., expected to bring global customer network and electrification technology synergy.
In Mar 2026, company name changed from WoosuAMS to Smotronic.
Effective tax rate estimated at 0% for 2026.