VitzroTech Q1 2026: Revenue and operating profit up, but parent net profit turns negative; litigation risk persists


  • Consolidated Q1 2026: Revenue 105.6 billion KRW (+8.1% YoY), operating profit 13.3 billion (+16.5%), net profit 12.2 billion (+27.4%).
  • Net profit attributable to parent company was -24.5 million KRW, near breakeven; most profit allocated to non-controlling interests.
  • Battery segment (Vitzrocell) drove performance with revenue 68.3 billion and operating profit 20.3 billion. Power and special segments continued losses with operating losses of 4.7 billion and 3.4 billion respectively.
  • FY2025 cash dividend: 60 KRW per share for general shareholders, 50 KRW for major shareholders. Payout ratio 24.7%.
  • Subsidiary Vitzrocell is facing two damage lawsuits from ITRON FRANCE SAS and ITRON Inc totaling approximately 15.9 billion KRW. Company expects no significant impact.
  • Net debt ratio is negative (net cash position -12.6 billion), indicating sound financial structure. Cash and cash equivalents 43.1 billion, total borrowings 30.5 billion.
  • R&D spending 2.7 billion (2.5% of sales). Holds numerous patents and intellectual property.

KOSDAQ Filing Information


  • Filing: Quarterly Report (2026.03)
  • Company: Vitzro Tech (042370)
  • Submission: Vitzro Tech Co.,LTD.
  • Receipt: 05-15-2026