Fursys posts operating loss in Q1 2026, maintains debt-free sound financial structure
Consolidated sales KRW 97.6B (down 5.9% YoY), operating loss KRW 2.07B (vs profit KRW 5.09B in Q1 2025), net income KRW 6.65B (up 43.0% YoY due to financial income surge)
Operating loss due to economic slowdown and high oil prices dampening facility investment; financial income jumped to KRW 13.24B (from KRW 5.83B)
Debt ratio 12.9%, current ratio 348.3%, debt-free operations (no short-term borrowings)
Standalone: sales KRW 85.6B, operating profit KRW 0.39B, net income KRW 11.6B
No dividend for the quarter; dividend policy under review (no specific plan yet)
New business: preparing rental and maintenance services (target launch within 2026)
Major investment: Yongin logistics site M2 purchase agreement (approx. KRW 167.5B, final payment due June 2028)
Subsidiaries: FURSYS VN net loss KRW 1.79B, FURSYS AMERICA net loss KRW 0.76B
R&D expenses KRW 0.71B (0.83% of sales)
Stock price: March 2026 average KRW 38,631 (decline from prior month)