AXGATE Q1 2026: Revenue Growth of 31.9% and Net Profit Turnaround

Revenue of 9.69 billion KRW (+31.9% YoY) and operating profit of 0.25 billion KRW (swing to profit)
Net profit of 0.48 billion KRW (vs net loss of 0.93 billion KRW in Q1 2025)
Debt-to-equity ratio improved to 33.9% (from 41.5% at end of 2025); cash equivalents at 18.19 billion KRW (previous: 17.78 billion)
R&D expenses of 1.03 billion KRW (10.7% of revenue), continued investment in quantum security (QRNG) etc.
Top two customers account for 26% of revenue (Company A 15.85%, Company B 10.28%)
No contingent liabilities or litigation; sound financial health