Fine M-Tec Q1 2026: Net profit turnaround, revenue growth, but debt rises

Connected revenue 46.1B won (+5.7% YoY), operating loss 2.2B won (improved from -2.9B), net profit 2.5B won (vs -3.8B).
Total assets 453.9B won, equity attributable to parent 208.9B won.
Borrowings 163.4B won (from 136.7B), net debt 140.1B won.
Tax penalty 2.3B won from 2023 tax audit (already paid).
Convertible bonds partially converted, 2.18M common shares issued.
R&D spending 3.3B won (7.2% of sales).
New businesses: medical devices, ESS components.
No dividend declared.