NexTin Q1 2026: Revenue Plunges 54%, Operating Loss of 5.5B KRW, Order Backlog Triples
Q1 2026 consolidated revenue: 7.9B KRW (down 54% YoY from 17.1B), operating loss of 5.5B (vs profit 3.4B), net loss 2.5B (vs profit 2.9B)
Order backlog surged to 25.7B from 7.7B at end of 2025, driven by new orders for HBM inspection equipment (KROKY)
Net debt-to-equity ratio rose to 57.4% (end-2025: 38.7%), long-term borrowings increased to 39.2B (from 19.9B) for facility expansion and China subsidiary funding
R&D expenses: 3.06B (38.6% of revenue), up from 2.5B in Q1 2025; continued development of AEGIS-III, KROKY, IRIS-II
Dividend: 5.2B accrued as dividend payable; policy to maintain min 500 won DPS and achieve TSR over 20% (mid-to-long term)
Treasury shares disposed: 1.054B KRW shares sold (gain 312M), impacting capital surplus and other equity