SAWNICS 2026 Q1 Operating Loss Widens, Net Loss Narrows

Q1 2026 revenue: KRW 4.4bn (down 4.2% YoY from KRW 4.6bn)
Operating loss: KRW 1.8bn (compared to KRW 1.6bn loss in Q1 2025, widened)
Net loss: KRW 1.0bn (improved 37% from KRW 1.6bn loss, due to FX gains of KRW 0.7bn and other financial income)
R&D expenses: KRW 1.3bn (up 13% YoY)
Debt ratio: 17.6% (up from 13.3% at end of 2025)
No dividends or share buybacks (historical no-dividend policy)
Maintains competitive edge in TF-SAW foundry; ongoing government R&D projects