UTI Q1 2026: Net Loss of 15.2B Won, Credit Rating Downgraded to CCC-

Consolidated sales: 4.77B won (vs 4.71B won YoY), operating loss 13.18B won, net loss 15.25B won, basic EPS -779 won
Credit rating downgraded to CCC- (April 2026, NICE)
Total liabilities 174.2B won, equity 56.4B won, debt ratio 309%
Five CB/EB issues totaling 132.65B won, derivative liabilities 61.57B won
Heavy capex at Vietnam subsidiary (UTI VINA VINH PHUC) with construction in progress of 37.6B won
Flexible glass planned for mass production in H2 2026; developing next-gen technologies like TGV
One pending lawsuit (165M won), company expects no material impact
Treasury shares 210,101 held (related to exchangeable bonds), no dividends
Standalone net profit of 0.73B won (vs -5.63B won YoY, turnaround) but consolidated still deep in red