Foosung Q1 2026 consolidated sales up 32%, operating profit remains positive, net loss incurred

Q1 2026 consolidated sales: 141.4 billion KRW, up 32.1% YoY (driven by refrigerant sales growth and Hantek expansion)
Consolidated operating profit: 9.3 billion KRW (2025 full year 25.4 billion, Q1 solid)
Net loss: 7.2 billion KRW (parent net loss 10.0 billion) due to non-operating deterioration
Credit rating: BB+ (Ecredible, Apr 8, 2026)
Debt-to-equity ratio: ~110% (450.8B/409.0B)
Exchangeable bonds outstanding: 26 billion KRW; conversion rights exercised reduced Hantek stake to 60.6% (dilution)
No dividends (none since fiscal year 19)
R&D expenses: 2.0 billion KRW, 2.37% of sales