Seoho Electric Reports Q1 2026 Results, Disposal of Treasury Shares and PRS Contract

Consolidated revenue KRW 25.9B (down 23.7% YoY), operating profit KRW 8.0B (down 68.2%), net income KRW 5.0B (down 38.5%)
On Jan 26, 2026, sold 514,485 treasury shares (~KRW 26.3B) and entered into PRS contract, recognizing derivative liability of KRW 4.4B
Treasury share disposal increased capital surplus by KRW 12.8B; treasury shares reduced from 630K to 116K
Cash and equivalents at end of Q1: KRW 44.9B (up 109% from year-end); debt ratio 41.7% (vs 24.6% at year-end)
AGM approved cash dividend of KRW 2,000 per share (total ~KRW 9.0B)
Order backlog KRW 70.1B (down 15.5% from year-end)
R&D expenses KRW 0.48B (1.87% of sales)