Anam Electronics: Q1 Operating Loss, Approves Treasury Share Buyback
Consolidated Q1 (Jan-Mar 2026) revenue $19,530k, operating loss $2,974k, net loss $3,155k (sharp deterioration from Q1 2025 revenue $35,497k, net income $1,423k)
Consolidated borrowings $26,300k (up from $18,800k at year-end 2025), net borrowings (negative) -$31,183k, capital gearing ratio -52.9%
Inventory $25,430k (up from $17,582k), +44.6%, 17.3% of total assets
Cash and cash equivalents $35,201k (up from $28,444k)
Foreign exchange risk: 10% change in FX rates would impact profit by $2,737k
Contingent liabilities: planning to proceed with extinction judgment for unidentified notes/checks from 1999 corporate reorganization
Treasury share public tender offer: approved by board on Mar 18, 2026; opinion statement on Apr 7
Dividends: no dividends paid in last 5 years; plans to establish dividend policy in future
Equity method loss of $2,200k from subsidiaries (Vietnam and Hong Kong)
Major shareholders: Anam LLC 20.23%, Petros Co., Ltd. 12.13%