Sidiz Turns Profitable in Q1 and Cancels 1.16 Billion KRW Treasury Shares
Consolidated Q1 2026 revenue KRW 54.47 billion (YoY -1%), operating profit KRW 1.50 billion (vs operating loss KRW 6.68 billion in Q1 2025 → turnaround), net profit KRW 2.80 billion (vs net loss KRW 2.26 billion in Q1 2025 → turnaround)
On March 5, 2026, completed cancellation of 100,000 common treasury shares (book value KRW 1.16 billion) → total outstanding shares reduced from 2.0 million to 1.9 million
Separate debt ratio 53.7%, consolidated net debt ratio 48.8% (no external borrowings)
US subsidiary SIDIZ AMERICA LLC reported net profit of KRW 78 million in Q1 (vs net loss of KRW 114 million in Q1 2025 → turnaround)
R&D expenses KRW 0.94 billion (0.48% of sales), up from KRW 0.78 billion a year ago
Contingent liabilities: one damage claim lawsuit (KRW 26 million), not material