Korea Electronic Certification Q1 2026 Operating Profit Up 21.6%… Maintains 30% Payout Ratio

Consolidated Q1 2026: Revenue KRW 10.98B (+15.7% YoY), Operating Profit KRW 2.52B (+21.6%), Net Income KRW 2.33B (+45.0%)
EPS KRW 128 (vs KRW 85 in Q1 2025), Weighted average shares 18,328,109
Debt-to-equity ratio 39.67% (end-2025: 33.61%), No borrowings, Cash & equivalents KRW 17.08B
Stable revenue mix: Joint Certificate 54.5%, Global Certificate 15.4%, Solutions 30.0%
Maintained dividend payout ratio of ~30% for the past 3 years, shareholder-friendly policy
Holds KRW 48.87B in FVOCI financial assets (including Toss Bank stake)
Expanding AI and global certification business (e.g., established Turingsign Global SA in Switzerland)