Chaevi: Q1 2026 Revenue Up 21% YoY to KRW 20.7B, but Operating Loss Persists at KRW 9.7B, Net Debt-to-Equity Ratio at 138%

Consolidated Q1 2026 revenue: KRW 20.7B (up 21% YoY from KRW 17.1B), service segment accounts for 67%.
Operating loss: KRW 9.7B (vs. KRW 10.5B in Q1 2025), net loss: KRW 11.0B (vs. KRW 11.4B).
Net debt-to-equity ratio: 138% (net debt KRW 80B / equity KRW 57.9B), total borrowings KRW 85.8B, cash KRW 5.8B.
Credit loss expense surged to KRW 1.9B (vs. KRW 0.29B in Q1 2025), indicating deteriorating receivables quality.
Listed on KOSDAQ in April 2026; use of proceeds to be disclosed in half-year report.
No share buyback, cancellation, or dividend plan.
Market leader in domestic rapid charging infrastructure (5,900+ units), CPO and manufacturing integration.
Expanding overseas (North America, Japan, Europe) and developing next-gen ultra-fast chargers via government projects.