ATEC

ATEC Q1 Sales Surge 69% but Net Debt Rises


  • Consolidated revenue reached KRW 41.48bn (+69.3% YoY), operating profit KRW 4.19bn (+4.2% YoY); net profit fell to KRW 4.03bn due to absence of prior year's gains on disposal of tangible assets (KRW 14.15bn).
  • Net debt-to-equity ratio surged to 61.61% (FY2025: 51.59%); cash and cash equivalents decreased by KRW 9.66bn to KRW 12.58bn, borrowings remained similar at KRW 28.70bn.
  • Cash dividend of KRW 350 per share declared for FY2025 (total KRW 2.57bn, payout ratio 67.7%); no additional treasury share acquisition or cancellation during the period (period-end treasury shares: 915,845 shares, 11.09% of total).
  • Consolidated net profit KRW 4.03bn, basic EPS KRW 548 (vs. KRW 2,312 in Q1 2025); EPS decline due to lower net income year-on-year.
  • Operating cash flow negative KRW 5.53bn (vs. -KRW 20.84bn in Q1 2025), improving but still negative; inventories increased to KRW 27.48bn (FY2025: KRW 21.98bn).
  • Three pending lawsuits totaling KRW 6.1bn; one case lost in second instance and under appeal, but financial impact expected to be limited.
  • Key subsidiaries ATEC USA (loss KRW 0.72bn) and ATEC VINA (loss KRW 0.04bn) remained in red; ATEC EUROPE turned profitable (KRW 0.55bn).
  • R&D expenses KRW 3.41bn (9.52% of sales), up from KRW 2.33bn in Q1 2025; maintaining technology and patent competitiveness.

KOSDAQ Filing Information


  • Filing: Quarterly Report (2026.03)
  • Company: ATEC (045660)
  • Submission: ATEC CO.,Ltd
  • Receipt: 05-15-2026