Alton Q1 2026: Revenue decline, operating loss continues, capital increase
Q1 2026 consolidated revenue: KRW 7.08 billion (down 10.5% YoY), operating loss KRW 430 million (vs loss of KRW 390 million YoY), net loss KRW 270 million (improved from loss of KRW 370 million)
EPS (loss): KRW -20 (consolidated)
Capital increase completed: 1.07 million new shares issued, raising KRW 540 million in capital and KRW 1.45 billion in share premium
Net debt: total borrowings KRW 6.11 billion, cash KRW 11.48 billion → net cash of KRW 5.36 billion (capital gearing ratio not calculable)
Largest shareholder: Innox Co., Ltd. with 43.0%
Key order: E-bike supply contract with domestic IT company worth KRW 11.83 billion (backlog KRW 10.97 billion)
R&D expenses: KRW 166 million (2.35% of revenue)
Litigation risk: illegal act receivables of KRW 356 million from embezzlement by former employee (fully provisioned)