S&D Q1 2026 Strong Results: Sales and Net Income Surge, Debt-Free with Ample Cash

Q1 2026 consolidated sales: KRW 45.47 billion (+27.3% YoY), operating profit KRW 8.13 billion, net income KRW 6.38 billion (+45.2% YoY)
Debt-free: total borrowings KRW 0, cash and equivalents KRW 39.72 billion (↑KRW 13.17 billion from year-end), net cash KRW 39.72 billion
Credit ratings maintained: A+ (Korea Rating Data) and A (NICE)
Completed cancellation of 1,166,666 treasury shares via public tender in 2024 (shareholder return policy)
Articles allow quarterly dividends; 2025 year-end dividend of KRW 5.18 billion (KRW 1,790 per share) to be paid
Financial health: debt ratio 42.0%, net debt-to-equity ratio negative, current ratio 254.7%
R&D expense: KRW 478 million (1.05% of sales), 26 patents held
No material risks: no litigation, contingent liabilities, or collateral provided