iWin Q1 2026: Sharp Improvement in Debt Ratio and Net Profit Increase

Revenue KRW 27.5B (down 7.7% YoY), operating profit KRW 1.6B (up 9.4% YoY), consolidated net profit KRW 2.5B (up 69% YoY)
Debt ratio 113.3% (improved by 49.3%p from 162.6% at year-end 2025), net debt ratio 62.5% (improved by 27.5%p from 90.0%)
Repaid KRW 15B in short-term borrowings; total borrowings reduced to KRW 30.8B
Completed sale of equity method investment (Alnetx) for KRW 16.7B (Jan 23, 2026) and sale of second factory land and buildings (May 8, 2026)
Maintained 94% domestic market share in seat heaters; R&D spending ratio increased to 4.0% of sales (from 2.3%)
Tax penalty of KRW 566 million from tax audit, KRW 86 million paid, balance to be paid