Ilsung IS Q1 2026: Operating Loss Persists, Net Profit Slightly Up

Revenue KRW 16.71 billion (vs. KRW 16.62 billion in prior year quarter, +0.5%), operating loss KRW 496 million (improved from KRW 1.02 billion loss), net profit KRW 1.58 billion (vs. KRW 1.54 billion, +2.5%), basic EPS KRW 220 (vs. KRW 226)
Debt ratio 6.33% (up from 4.31% at year-end 2025), but still very low
Corporate credit rating bbb- (KoDATA, as of Dec 31, 2025) — downgraded from aa- in 2023
Treasury shares held: 6,137,953 shares (46.15%); no short-term buyback/disposal/cancellation plan currently considered
R&D expenses KRW 294 million (1.76% of revenue)
Acquired 20.1% equity stake in Eni Solution Co., Ltd. for KRW 1.02 billion (new associate)
Ongoing lawsuit against Mirae Asset Securities (KRW 8 billion claim) regarding illegal financial product sales; now in second trial
Changed external auditor from Uri Accounting Corp. to Seohyun Accounting Corp. (from fiscal year 67)