HMNEX Q1 2026: Revenue triples, net profit up 49% YoY on SMI consolidation; credit rating upgraded to BBB-
Q1 2026 consolidated revenue KRW 11.57bn (vs KRW 3.82bn YoY, +203%), operating profit KRW 0.87bn (vs KRW 0.03bn), net profit KRW 2.70bn (vs KRW 1.81bn, +49%) - Completed acquisition of semiconductor equipment maker SMI (100% stake) in May 2025, consolidated from Q1 2026 - Added new business purposes: semiconductor equipment manufacturing/sales/installation, cultural planning/exhibition, sculpture production, etc. - Credit rating: Korea Ratings BBB- (Apr 2026, up from BB+ a year ago) - Debt ratio 20.93% (vs 20.70% at year-end 2025), borrowings KRW 23.16bn (USD facility KRW 22.36bn) - Holds 1,092,918 treasury shares (1.78%), no disposal plan - LED segment operating loss KRW 24.5mn; semiconductor equipment segment operating profit KRW 1.01bn - Acquired industrial site in Yongin semiconductor cluster (11,252㎡, KRW 14.84bn) for new factory construction - No BIS ratio or NPL data provided; no pending litigation