Mobiis: 1Q Operating Loss Continues, but Strong Cash, CB Cancellation, ITER Orders Neutral
Q1 performance: Revenue KRW 1.04B (down from 1.25B YoY), operating loss KRW 0.54B, net loss KRW 0.47B (widened from KRW 0.16B net loss in prior year Q1).
Financial position: Cash & equivalents KRW 34.4B, net cash KRW 28.6B (debt-free), debt ratio not calculated (net cash).
Shareholder return: On Feb 9, 2026, Board resolved to cancel KRW 5B of convertible bonds (early redemption right exercised).
ITER order: On Feb 12, 2026, signed KRW 2.5B contract for 'Superconducting Coil Power Supply Master Controller Upgrade' (until Jun 30, 2033).
Credit rating: BBB- (NICE D&B, as of 2025), improved from BB+.
Sanctions: On Apr 20, 2026, designated as an unfaithful disclosure entity (publication reversal of share transfer agreement cancellation), penalty points 5, fine KRW 4M.