Telechips 2026 Q1: Operating Profit Turns Positive, Net Income Limited by Financial Losses

Revenue KRW 66.08 billion, +46.2% YoY
Operating profit KRW 6.12 billion (vs loss in prior year period; full-year 2025 operating loss KRW 6.19 billion)
Net income KRW 0.94 billion, reflecting KRW 4.34 billion loss on FVTPL financial assets and KRW 1.70 billion derivative loss
R&D expenditure KRW 20.73 billion (31.4% of revenue), capitalized development costs KRW 9.15 billion
Debt ratio 162.66% (vs 157.06% at end of 2025), total borrowings KRW 151.8 billion
Credit rating BBB- (NICE, maintained)
DivX lawsuit settled (Dec 19, 2025), license agreement renewed
Subsidiaries Telechips USA and MindInTech liquidated
No dividend for FY2025, no share buyback/cancellation plans
FX sensitivity: USD 10% change impacts pre-tax income by approx. KRW 1.24 billion