LK Samyang Q1 2026: Losses persist but narrow; new business expansion draws attention
Consolidated revenue KRW 3.2B (down 25.5% YoY from KRW 4.3B), operating loss KRW 2.9B (improved from KRW 3.3B), net loss KRW 2.9B (improved from KRW 3.4B)
EPS loss KRW 40 (vs loss KRW 68, due to increased shares from rights offering)
Rights offering in Aug 2025 completed: shares increased from 50.7M to 70.5M, capital raised to KRW 7.0B
Cash and equivalents KRW 10.2B, adjusted debt-to-equity ratio 7.02%, strong financial position
R&D expense KRW 1.2B (37.5% of sales); new business (thermal imaging, EV fire detection) revenue KRW 0.2B
No dividends (suspended since 2024)
New products: Schneider-collaboration AF 14-24mm F2.8, AF 24-60mm F2.8 FE, Prima series AF 35mm F1.8 P FE launched