Maniker F&G: 2026 Q1 Sales +8.8%, Turns to Profit (Operating Profit 2.4B KRW)

2026 Q1 revenue 27.7B KRW (+8.8% YoY), operating profit 2.4B KRW, turning to black
Net profit 0.21B KRW (vs -0.3B loss last year), basic EPS 13 won
Debt ratio improved to 53.81% (from 54.25% year-end), interest coverage ratio 0.97x still weak
Short-term borrowings flat at 25.95B, related party short-term loans increased to 16.4B
New investment plan of 3.44B KRW (molding machine, cutter etc.), target 30 new products in 2026
One lawsuit pending (55.4M won), expected no material impact
No dividends for 5 years, shareholder return policy inadequate