Speco Reports Q1 2026: Operating Loss Continues but Net Profit Turns Positive

Q1 2026 consolidated revenue: 6.3 billion won (down 14.9% YoY)
Consolidated operating loss: 58 million won (narrower loss vs 134 million loss in prior year)
Consolidated net profit: 558 million won (turnaround from 31 million loss, EPS 41 won)
Debt ratio improved to 49.3% (from 58.4% at year-end 2025), current ratio 225% (stable)
Construction machinery sales up 23%, marine machinery down 61%, wind power still sluggish
Top 3 customers account for 73% of revenue (4.59 billion won)
Credit rating BB unchanged; no share buyback/cancellation or dividends
External auditor changed to HanYoung (mandatory designation) from Shinhan
Contingent liabilities: guarantees worth 20.7 billion won; no pending lawsuits