Orbitech Q1 2026 Consolidated Net Income Surges to KRW 19.1B, Operating Loss Persists, Change in Largest Shareholder
Q1 2026 consolidated revenue KRW 22.4B (up 63% YoY), operating loss KRW 3.1B (similar to prior year), net income KRW 19.1B (up 177% YoY)
Net income surge driven by large fair value gains on financial assets (KRW 24.2B)
Debt-to-equity ratio improved to 75.34% from 109.24% at year-end 2025 (equity expanded via paid-in capital increase and CB conversion; total equity KRW 152.3B)
Largest shareholder changed from Seongjin Holdings to BNP Juseong (effective Mar 31, 2026)
Shares outstanding increased to 32,896,123 due to paid-in capital increase (2,876,870 shares) and CB conversion (2,315,569 shares) in Q1 2026
Subsequent events: Issuance of 12th CB worth KRW 10B on Apr 10; decision to sell 4.6 million shares of subsidiary Fine Technics on Apr 15