iMarketKorea: Q1 2026 Consolidated Operating Profit KRW 16.57B; Dividend Maintained, US Tech Park Development Ongoing

Consolidated Q1 2026 sales: KRW 842,455M, operating profit: KRW 16,570M, net profit (parent): KRW 10,092M (EPS KRW 321)
YoY comparison not available; Q1 profit robust vs FY2025 full-year operating profit of KRW 20,320M
Q1 2026 dividend per share: KRW 100 (total KRW 3,146M), unchanged from Q4 2025
Operating margin ~2.0%, improved from FY2025 annual margin of 0.67%
Currency forward valuation loss of KRW 3,791M, increased hedging costs
Customer concentration: top 5 (including Samsung) account for ~62% of sales
US subsidiary iMarketAmerica developing Gradiant Technology Park in Texas (phase 1 construction started)
Subsidiary ValuePoint merged with ValueFactory and Artbon (August 2025)
Issued 3rd private exchangeable bonds of KRW 100B (May 2025, maturity 2028)
Guarantees to related parties: includes K-SURE loan for iMarketAmerica ($60M), total guarantees ~KRW 160B