2026 Q1 Consolidated Net Profit Turns Positive, Order Backlog Increases, Credit Rating Downgrade

Q1 2026 consolidated net profit turned positive to KRW 194M (vs. -KRW 8.17B in FY2025), but operating loss of KRW 1.14B persists
Revenue KRW 25.8B (down 46% from KRW 48.1B in Q1 2025; 37% decline on a separate basis)
Order backlog increased 11% to KRW 182.7B (from KRW 164.3B at end-2025)
Credit rating downgraded to BBB- in Apr 2026 (from BBB+)
Debt ratio rose to 127.3% (from 120.2% at end-2025)
Treasury shares of 316,876 shares (1.58%) held, no additional buyback/cancellation
Change in major shareholder completed (SK → MXON, 21.11%)
Pending litigation (KRW 3M claim for unpaid goods)