NVH Korea Q1 2026 Results: Revenue Decline, Operating Profit Turns Positive, Debt Ratio 389%

Consolidated revenue KRW 383.2bn, down 7.5% YoY
Operating profit KRW 10.5bn, turning positive (vs. full-year 2025 operating loss of KRW 21.9bn)
Net profit KRW 0.76bn (vs. full-year 2025 net loss of KRW 45bn)
Debt ratio 389% (up from 371% at end of 2025)
Credit rating BBB0, cash flow rating CR-2
Separate operating profit KRW 4.9bn, net profit KRW 2.3bn
Auto parts segment revenue KRW 268bn, environment & energy KRW 115.2bn
Consolidated EPS -KRW 13, separate EPS KRW 56
No disclosure on dividends or share buyback/cancellation
R&D expense as % of sales: 4.55% (auto parts)