Unitekno Reports 1Q26 OP Growth, Initiates Dividend Policy, Enters Physical AI Business
1Q26 consolidated sales KRW 28.4B (+13.2% YoY), OP KRW 1.5B (+36.0% YoY), net profit KRW 0.9B (swing to profit).
First dividend paid for FY2025 (differential: minority shareholders only). Semi-annual dividend to be introduced from 2026.\- Expanded business purposes via articles amendment to include Physical AI (robotics/automation) as new growth engine.\- Credit rating downgraded to BBB- (Apr 2026) from BBB+ prior, negative.\- High debt burden: borrowings KRW 49.1B, convertible bonds KRW 16.2B, bonds with warrants KRW 8.9B.\- Completed cancellation of 540,859 treasury shares in Jan 2024 as part of shareholder return policy.\- Mexico subsidiary started operation (plant completed Sep 2025), no revenue yet in 1Q26.\- Conversion price adjustment (Dec 2025) from KRW 4,612 to 3,684, increasing potential dilution (approx. 8.14M shares).