MICUBE SOLUTION Q1 2026 Revenue Down 26.6%, Executes Stock Split

[Revenue] Q1 2026 revenue KRW 4.44B (-26.6% YoY)
[Stock Split] 1:2 stock split in Feb 2026 (shares increased from 5,037,930 to 15,113,790)
[Cash] Cash and equivalents KRW 0.47B (sharp drop from KRW 2.05B at FY2025 end)
[R&D] R&D expense KRW 0.42B (9.4% of revenue, up from 4.0% in FY2025)
[Credit Rating] BBB (Korea Ratings Data, unchanged for 3 years)
[Dividend] FY2025 cash dividend of KRW 200 per share (same as FY2024)
[Customer Concentration] Top customer accounts for 25.4% of revenue
[Debt] Short-term borrowings KRW 1.0B (unchanged)
[Contingent Liabilities]No material litigation or contingencies