MK Electron Q1 2026: Revenue +58.7%, Operating Profit Swings to Black; Debt Ratio 160%

Consolidated revenue of KRW 450,123 million (+58.7% YoY, from KRW 283,652 million)
Consolidated operating profit of KRW 15,149 million (swing from KRW 1,148 million loss in Q1 2025)
Consolidated net income of KRW 11,513 million (strong quarter compared to FY2025 net income of KRW 13,765 million)
Raised KRW 46.0 billion via issuance of 19th~23rd private bonds (increased debt)
Debt ratio 160.09%, net debt ratio 51.59% (high financial leverage)
Contingent liabilities: subsidiary Korea Land Trust involved in 133 lawsuits (claim amount KRW 180.9 billion)
Bonding wire sales robust (gold price increase reflected, avg. selling price $4,892.50/Toz)
Disposal of 69,531 treasury shares (due to exchange of exchangeable bonds)