SP Systems Q1 2026: Revenue Plunges 30%, All Segments in Red, Credit Downgraded to B
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Consolidated Q1 2026 revenue 10.8 billion KRW, down 30% YoY
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All segments operating loss: Robotics -0.48B, ICT -0.88B, Battery -0.22B, total -1.59B
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Credit rating downgraded from BB0 to B (2024→2026)
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Pending lawsuit (battery business) for delay damages of 497M KRW in first trial
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Exchangeable bonds fully converted; remaining treasury shares 6 shares
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Cash & equivalents 13.95B, short-term borrowings 10.9B
KOSDAQ Filing Information
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Filing: Quarterly Report (2026.03)
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Company: SP SYSTEMS (317830)
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Submission: SP SYSTEMS CO.,LTD.
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Receipt: 05-15-2026