Edge Foundry Posts Operating Loss in Q1 but Net Profit Thanks to Investment Gains


  • Q1 2026 consolidated revenue KRW 8.88bn (down 7.3% YoY), operating loss KRW 4.86bn (continued loss)
  • Net profit of KRW 0.92bn (down 93.5% from KRW 14.16bn in prior year) due to non-operating gains (KRW 4.82bn fair value gain on financial assets, KRW 0.49bn gain on bond redemption)
  • Merger with Hanwha Intelligence completed in March 2025, resulting in intangible assets of KRW 48.7bn (from KRW 1.9bn at end of 2024)
  • Outstanding convertible bonds of KRW 25bn (Series 15: KRW 10bn, conversion price KRW 2,889; Series 16: KRW 15bn, conversion price KRW 1,582) posing potential dilution risk (up to 12.94 million new shares)
  • Signed a KRW 46bn IR sensor supply contract with China's HK KEMEI (Dec 2025), revenue not yet recognized
  • Treasury shares: 6.64 million (8.48% of total)
  • Financial soundness: debt ratio 39.4% (consolidated), borrowings KRW 35.1bn, cash and equivalents KRW 1.9bn
  • R&D expenses KRW 0.56bn (6.35% of revenue)
  • Major shareholders: AI Core Biz (16.68%), Hanwha Systems (8.76%)

KOSDAQ Filing Information


  • Filing: Quarterly Report (2026.03)
  • Company: Edge Foundry (105550)
  • Submission: Edge Foundry Co.,Ltd
  • Receipt: 05-15-2026