JS Link Q1 2026: Revenue Up, Operating Loss Continues, Expansion in Permanent Magnet Business

Q1 2026 consolidated revenue: KRW 2.42B (up 69% YoY from KRW 1.43B), operating loss KRW 4.92B, net loss KRW 3.80B.
Cash and cash equivalents: KRW 59.05B (up from KRW 40.43B at year-end 2025), total equity KRW 89.37B (up from KRW 68.59B).
Convertible bonds outstanding: KRW 34.07B (down from KRW 37.50B), borrowings KRW 9.00B (up from KRW 5.00B).
New permanent magnet business: construction in progress KRW 32.88B; post-report decision to invest KRW 50B in Malaysian subsidiary.
Trade receivables allowance rate: 51.5% (year-end 2025: 47.2%), indicating increased credit risk.
No dividend or share buyback/cancellation plans.