Panstar Enterprise Successfully Swings to Profit in Q1 2026
Q1 2026 revenue KRW 13.46 billion, operating profit KRW 233 million, net profit KRW 830 million, a turnaround from net loss of KRW 1.57 billion in Q1 2025
Accumulated deficit of KRW 38.23 billion remains but improving
Completed absorption merger with Panstar Tech Solution in May 2025, expanding ship engineering business
Share consolidation (2:1, face value from KRW 500 to KRW 1,000) approved at March 2026 shareholders' meeting
No cash dividends or share buyback plans (holding 1,074,573 treasury shares)
Contingent liabilities: no pending lawsuits; provided guarantees of KRW 7.83 billion to related parties
Debt ratio approximately 69%, current ratio 110%, indicating stable financial structure