Coxem Reports Consolidated Operating Loss of KRW 1.08B in Q1 2026; Loss Continues, Share Buyback Underway

Consolidated Q1 2026 revenue: KRW 2.52B (down 19.6% YoY from KRW 3.14B), operating loss: KRW 1.08B (vs loss of KRW 1.04B in Q1 2025), net loss: KRW 0.92B (vs loss of KRW 0.21B)
Standalone operating loss: KRW 0.92B, net loss: KRW 0.75B
Operating cash flow negative KRW 0.13B (vs positive KRW 1.36B in Q1 2025)
Debt ratio: 30.8% (end-2025: 26.1%), net debt ratio: 22.9% (end-2025: 16.9%)
New short-term borrowings of KRW 1.0B (end-2025: zero), cash and equivalents KRW 1.30B (end-2025: KRW 1.68B)
Treasury share acquisition: board resolution on Feb 27, 2026, trust agreement, held 559,884 shares (9.77%) at quarter end
Subsidiary Liam Solution: net loss of KRW 0.17B in Q1 (full 2025 net loss KRW 0.44B)
Credit rating: BBB- (Korea Rating & Data, July 2, 2025)
R&D spending: KRW 1.09B in Q1 (43.2% of revenue)
Government projects awarded: KRW 2.11B (including AI-applied atmospheric SEM)
Global Tabletop SEM market share: 4.23% (2022), ion miller market share: 2.06% (2022)
Key product: EM series accounted for 77.1% of Q1 2026 revenue