Korea Advanced Materials Q1 2026: Operating Loss Continues, Capital Injection Improves Financial Structure
Q1 2026 consolidated revenue: KRW 1.06bn, operating loss: KRW 0.71bn, net loss: KRW 0.6bn (narrowed from net loss of KRW 8.89bn in prior year same period)
Capital increased to KRW 28.5bn via rights offering (KRW 7.5bn) and stock dividend (KRW 9.5bn); debt-to-equity ratio improved to 13.4%
Cash and cash equivalents tripled to KRW 15.5bn from year-end 2025; short-term borrowings reduced to KRW 3.5bn
Credit rating upgraded to B- (from CCC+), Watch rating 'Stable'
New business (secondary battery, drone) suspended due to failed investment attraction; factory sale decided
R&D expenses KRW 0.41bn (39% of revenue); 49 patents held
One lawsuit pending (damage claim of approx. KRW 1bn); counterclaim filed