Picogram Q1 2026 Operating Profit Turns Positive, Sales Down 22%

Q1 2026 separate sales KRW 6.6B (down 22% YoY), operating profit KRW 31.5M (vs loss in Q1 2025), net profit KRW 819.7M (vs net loss KRW 4.04B)
Cash and equivalents KRW 8.51B, total short-term financial assets KRW 17.56B; total borrowings KRW 13.55B (including CB KRW 1.55B), net cash KRW 4.01B
FY2025 dividend: KRW 100 per share (total KRW 1.85B), approved at March 2026 AGM
Main business: water purifier/filter manufacturing (over 95% of sales); new businesses: cosmetics (CELLINSTEM) and food waste disposer ongoing
Credit rating BBB- (Korea Data), collateralized loan KRW 12B from KEB Hana Bank
Investment in associate (JoYang Picogram) classified as held for sale; remaining stake to be disposed in 2026