RFHIC Posts Strong Q1 2026 Results, Driven by Record Orders and Revenue Growth

Consolidated Q1 2026 revenue: 43.07 billion KRW (+35.1% YoY), operating profit: 7.74 billion (+107.2% YoY), net income: 8.66 billion (+121.8% YoY)
Standalone revenue: 23.88 billion KRW (+10.5% YoY), operating profit: 4.21 billion (+47.3% YoY)
Defense and telecom growth drove radar GaN power amplifier order backlog to 188.1 billion KRW
New large contracts: Raytheon Canada (50.6 billion), LIG Nex1 MFR core modules (19.2 billion), etc.
Dividend policy: at least 30% of standalone net income for 2025-2027 (enhanced shareholder return)
Expanding into new businesses: satellite communication GaN SSPA, naval radar systems
R&D spending: 4.4 billion KRW (10.2% of revenue), holding 145 patents
Total assets: 566.7 billion, debt-to-equity ratio 33.6%, current ratio 307.8% (sound financials)
Early redemption of all exchangeable bonds (31 billion issued Oct 2025)
Cash and equivalents at end of period: 28.98 billion (down from 109.92 billion at year-end due to increased investment)