NewFlex Q1 2026: Revenue Decline & Weak Operating Profit, Credit Rating Improvement and Dividend Payment

Consolidated revenue 34.97 billion won (down 4% YoY), operating profit 0.29 billion won, weak profitability
Corporate credit rating BBB0 (as of April 2026, NICE D&B), maintained; improved from B+ in 2022
Recognition of dividends payable 2.445 billion won (approx. 100 won per share) → shareholder return policy implemented
Key subsidiary Vina Newflex revenue 33.4 billion won, net loss 0.1 billion won this quarter (profit 3.07 billion won in previous full year)
Vietnam production facility expansion investment underway
Foreign exchange gains of 1.09 billion won from currency fluctuations; net income 1.49 billion won
One pending lawsuit (100 million won); no material impact on financial statements
Net debt 8.9 billion won, debt-to-equity ratio 8.2%, sound financial structure