GH Advanced Materials: Q1 Consolidated Operating Profit Up to 2,029M KRW

Q1 2026 consolidated revenue 21,077M KRW (vs 21,613M in Q1 2025, -2.5%), operating profit 2,029M (+4.1%), net profit 1,664M (+0.2%)
Standalone revenue 15,730M (+0.7%), operating profit 1,616M (similar), net profit 1,379M (+40.0%)
Consolidated debt ratio 106.00% (FY2025: 105.92%), standalone 80.90% (FY2025: 79.95%)
Consolidated EPS 100 won (vs 104, -3.8%), standalone EPS 95 won (vs 68, +39.7%)
Credit rating BB- (Ecredible), cash flow grade C+ (CR-3)
R&D expenses 255.9M (1.21% of revenue)
No treasury share buyback/cancellation or dividend plan; no dividend history
No material pending lawsuits
Derivative valuation gain 1,382M, loss 1,199M (currency swap/forward)
Related party transactions: sales to K-ENSOL 728.5M, to Palltronics 1,342M