Opticis Q1 2026: Slight Revenue Decline but Solid Financials, Dividend Paid

Q1 2026 revenue KRW 6.62B (vs. KRW 6.74B in Q1 2025, -1.7%), net income KRW 1.59B (vs. KRW 2.00B, -20.3%), EPS KRW 336.87.
Strong financial position: Cash & equivalents KRW 13.03B, short-term financial instruments KRW 5.20B, total financial assets KRW 51.0B. Low debt.
R&D expenditure KRW 0.77B (11.67% of sales), 74 patents held.
Treasury shares: 912,743 shares (16.2%) held, to be cancelled or disposed depending on market conditions.
Dividend: Board resolved on Feb 2026 to pay KRW 708M, fully paid.
Patent infringement lawsuit (INNEOS LLC) pending; financial impact currently unpredictable.
High customer concentration: A (47.1%), B (19.2%). Export ratio 88%.
Short-term borrowings KRW 3.0B (interest rates CD+0.611% etc.), guaranteed by CEO.