AI Korea Q1 consolidated net profit turns to KRW 2.77bn, order backlog KRW 19.9bn

Q1 2026 consolidated revenue KRW 18.81bn (down 52.9% YoY), operating profit KRW 0.60bn (vs loss of KRW 1.13bn), net profit attributable to parent KRW 2.77bn (vs loss of KRW 0.78bn)
Debt ratio surged to 79% from 48% at end of 2025; increased borrowings: short-term KRW 22.04bn, long-term KRW 9.68bn
Order backlog KRW 19.9bn (separate): key projects include LGES ESMI prismatic CESS (USD 9.2mn), Ultium Cells CESS maintenance
Litigation risk: KRW 0.5bn damage claim by Haedong Co., appellate trial ongoing
R&D: ammonia cracking system, AI vision forklift approaching commercialization
No dividend or share buyback/s cancellation