Polaris AI Reports Q1 2026 Operating Profit Turnaround and Share Buyback Cancellation
Q1 2026 results: Revenue 103.4bn won (vs 111.0bn in Q1 2025, -6.9%), Operating profit 0.34bn won (vs loss of 0.43bn, turnaround), Net profit 0.02bn won (vs 0.10bn, -81.7%), EPS 0.3 won.
Share cancellation decision: 174,541 common shares (par value 2,500 won, approx. 1.94bn won) to be canceled on April 30, 2026, for shareholder value enhancement.
Share consolidation completed: 5:1, effective April 9, 2026, par value changed from 500 to 2,500 won, aimed at price stabilization.
Debt ratio at 12.68% (vs 12.61% at year-end 2025), maintaining very low leverage.
Credit rating: A- (NICE D&B) maintained.
Lawsuit for 2bn won damages concluded on April 24, 2026 via court-mediated settlement, no further contingent liabilities.
New investment in Spackman Entertainment Group Limited (Singapore) with 4.08% stake acquired (approx. 0.83bn won).