AU BRANDZ Q1 2026 Consolidated Revenue 18.49B KRW, Operating Profit 2.02B - Up 136% and 154% YoY

Q1 2026 consolidated revenue 18.49 billion KRW, operating profit 2.02 billion, net income 3.42 billion. Up 136%, 154%, and 363% YoY respectively.
China subsidiary (AU BRANDZ HANGZHOU) revenue 6.96 billion, up from previous quarter (5.55 billion), accelerating global expansion.
Separate revenue 10.42 billion, operating profit 1.20 billion, up 52% and 51% YoY respectively.
Major shareholder stake 58.68%, purchased additional 5,829 shares on market in March 2026.
Exercise of stock warrants issued 100,000 common shares in February, total shares outstanding increased to 14,260,000.
Subsidiary Zennar Ltd (UK) has negative equity of -1.22 billion (consolidated), continued equity method losses.
Credit rating BB- (NICE D&B), no update since 2023 renewal.
R&D expenses 374 million (separate), 3.59% of sales, up from 2.25% in prior year.