KPTU Reports Strong Q1 Results and Improved Financial Structure

Q1 revenue KRW 11.36B (up 18.5% YoY), operating profit KRW 0.41B (up 47.1% YoY), net profit KRW 2.93B (up 37.6% YoY)
Debt ratio improved to 70.05% from 74.77% at year-end, net debt KRW 25.43B (down from KRW 26.99B)
Equity method income from affiliates (Aluko, etc.) of KRW 2.46B
EPS KRW 512 (up 38% YoY)
No dividends or share buyback/cancellation in the quarter
Negative: R&D lab closure (Feb 2026) and reclassification from mid-sized to SME (Apr 2026)
Borrowings KRW 25.88B (down 4.8% from year-end), cash equivalents KRW 0.45B (up 136%)
Inventory KRW 2.82B, trade receivables KRW 7.37B, allowance for bad debts KRW 0.055B (0.48%)
Foreign exchange gain KRW 0.26B