Novatech Q1 2026: Operating Loss but Net Profit Up, Dividend of 27B Won Paid, Treasury Shares Sold

Consolidated Q1 2026 revenue: 11.16B won, operating loss: 22M won
Net profit: 4.04B won (up 6.6% YoY from 3.79B), EPS: 430 won (YoY: 396 won)
FY2025 cash dividend of 27.0B won paid in April 2026 (approx. 2,552 won per share)
Disposal of treasury shares reduced negative other equity from -19.5B to -11.5B won (approx. 8B won sold)
Credit rating: BBB+ (eCredible, downgraded from A- in 2022)
Debt-to-equity ratio: 22.76% (up from 6.55% at year-end 2025, due to dividend payable accrual)
Related party loans: 23.8B won (Hajo Development 23.3B, CEO and family 0.5B) – large exposure
Financial assets at FVTPL: 67.1B won (stocks and beneficiary certificates), investment gains primary source of net profit
Consolidated operating cash flow: -1.83B won (vs. +8.42B in Q1 2025)