ICH Posts Consolidated Operating Profit in Q1 2026, Completes 67.6 Billion Won Rights Offering
Consolidated Q1 2026 sales of 10.6 billion won (vs. 10.5 billion won in Q1 2025), operating profit of 0.73 billion won (vs. operating loss in Q1 2025), net profit of 0.13 billion won.
On a separate basis, operating loss of 1.15 billion won and net loss of 1.28 billion won.
Completed a 6.76 billion won rights offering in February 2026 (8 million shares) for facility investment, increasing capital to 12.8 billion won.
After the reporting period (April 2026), decided to dispose of all 351,283 treasury shares as employee performance bonuses.
Financial burden persists: derivative liabilities on convertible bonds 9.4 billion won, total borrowings 48.7 billion won.
Lawsuit against Indian subsidiary CH Component for construction payment pending (amount not fixed).
Conversion prices of 3rd and 4th CBs adjusted to 2,384 won and 1,945 won respectively due to market price decline and rights offering.