Aton Q1 2026 Results: Separate Net Income Up, But Consolidated Revenue Down and Debt Ratio Rises
Consolidated Q1 2026 revenue of KRW 14,842 million, down 12.8% YoY from KRW 17,012 million in Q1 2025.
Separate Q1 net income of KRW 2,310 million, up 59% from KRW 1,452 million in Q1 2025.
Consolidated debt ratio rose to 53% from 39% at year-end 2025, driven by increased borrowings at subsidiary Aticonex Daebu and a KRW 30 billion credit line from Kiwoom Capital.
Consolidated net income of KRW 1,895 million decreased YoY (from KRW 5,547 million) mainly due to non-cash losses: equity method losses (KRW 919 million) and fair value losses on financial assets (KRW 1,324 million).
Exchangeable bonds issued in Nov 2025 (KRW 50 billion) were fully converted in April 2026, reducing debt and increasing shares outstanding.
Maintained cash dividend of KRW 50 per share. Expanding into PQC (post-quantum cryptography) solutions and digital asset infrastructure.