Neo Cremar reports Q1 2026 consolidated revenue of 19.1B won, operating profit of 0.7B won
Q1 2026 consolidated revenue of 19.1B won, operating profit of 0.7B won, net income of 1.9B won (vs. Q1 2025: revenue 20.8B, operating profit 2.8B, net income 1.2B; revenue decline, net income increase)
Credit rating upgraded to BBB- by iCreable in April 2026, up from BB- in previous year
Dividend & treasury shares: Cash dividend approved at 19th annual general meeting; holds 88,826 treasury shares (acquisition cost 0.99B won); no share buyback or cancellation plans
Financial health: Debt ratio 24.60%, slightly up from 24.26% at year-end; total borrowings of 13.0B won (short-term 9.5B, long-term 3.5B)
Derivative liability (put option): 3.43B won recognized for put option on shares of subsidiary BBC (exercise price 27,862 won, exercisable after June 2027)
Litigation risk: Three ongoing lawsuits (damages 0.19B, penalty 0.05B, payment 0.64B); management expects no material impact on financials