Samwha Electric: Q1 Operating Profit Surges and Dividend Increased (Positive)

Q1 2026 consolidated revenue: 57.4B KRW (YoY -6.9%), operating profit: 3.4B KRW (vs 1.2B in Q1 2025, +190%)
Net profit: 1.8B KRW, controlling interest net profit: 1.4B KRW (EPS 209 won vs 144 won)
Dividend per share raised to 600 won (from 500 won), total dividend 4.0B KRW
Operating cash flow improved by 2.9B KRW, net cash 5.7B KRW
Unrealized gain on FVOCI equity securities: 5.0B KRW (from Samwha Condenser, etc.)
Debt ratio: 50.96%, no borrowings (only lease liabilities of 8.4B KRW)
Foreign exchange losses: 1.8B KRW due to currency fluctuations
Chinese subsidiary (Tianjin Samwha) recorded a net loss of 0.5B KRW (consolidated adjustment)
R&D expenses: 0.5B KRW (1.07% of sales)