STORMTEC Reports Strong Q1 2026 Results and Increased Dividend

Q1 2026 consolidated revenue KRW 16.3B (+8.6% YoY), operating profit KRW 2.3B (+27.9%), net income KRW 1.96B (+13.3%)
Standalone (water purifier parts) revenue KRW 15.4B, operating profit KRW 2.9B, net income KRW 2.8B (EPS KRW 102)
Cash dividend of KRW 350 per share (total KRW 9.4B); targets payout ratio over 40%
Signed contract for second factory in Ansan; construction in progress increased to KRW 2.2B
Subsidiary Coemtech remains loss-making (quarterly loss KRW 0.76B)
Debt ratio 46.5%; cash and cash equivalents KRW 8.9B plus short-term deposits KRW 55.5B
Stable relationships with key customers (Coway, Cuckoo Homesys, etc.)