Iljin Display Q1 Operating Loss Narrows and Debt Ratio Improves, but Trading Suspension Continues
Consolidated Q1 revenue KRW 11.79bn (down 37% YoY from KRW 18.84bn), operating loss KRW 0.61bn (narrowed from KRW 1.65bn loss in prior year same period)
AD division (sapphire wafer) classified as discontinued operations due to production halt; related discontinued net profit KRW 0.44bn
Debt ratio sharply improved to 86.1% (from 135.7% at year-end 2025) due to conversion of KRW 5bn CB into 5,010,020 new shares
Stock trading suspension continues (until Nov 4, 2026) under improvement period
Heavy customer concentration: Customer A 42.8%, Customer B 54.5%
No dividend for the quarter (no dividend since 2019)