Telcoware: Q1 2026 Operating Loss Narrows, Net Profit Turns Black on Property Sale Gain
Q1 2026 consolidated revenue KRW 6,823M (+7.1% YoY), operating loss KRW 1,350M (narrower from KRW 1,816M loss in Q1 2025).
Disposal gain of KRW 7,148M from property sale drove consolidated net profit to KRW 5,226M, swinging from net loss of KRW 1,109M in prior year.
Debt ratio 20.94%, zero borrowings. Cash and cash equivalents KRW 4,875M plus short-term financial instruments KRW 37,255M, total liquidity KRW 42,130M.
FY2025 final dividend KRW 3,305M (approx. KRW 640 per share), payout ratio 53.6% of consolidated net income. Policy to maintain dividend ≥30% of net income for last 5 years.
Executed cancellation of 462,629 treasury shares in 2024. Currently holds 4,076,074 treasury shares (44.11%).
R&D expenditure KRW 1,898M (27.81% of revenue), focusing on 5G/CNF/IMS core network solutions for SKT and LGU+.
Provided collateral of KRW 12,307M in tangible assets for related party Telcoin's borrowings and joint guarantee of KRW 2,500M.