Polaris Uno: Q1 Operating Profit Up 56%, Stock Split and Treasury Share Cancellation

Q1 2026 cons. revenue 18.8B won (down 16.8% YoY), operating profit 1.6B (+56%), net profit 2.4B (+335%)
Approved 5:1 stock split and cancellation of all 354,261 treasury shares (expected Apr 30, 2026)
4th CB outstanding (150B won, conversion price 500 won), exercisable from Dec 2026
Sold entire stake in Polaris Office to related party Handysoft for 13.07B won; loss of 4.6B won recognized in OCI
Debt ratio 19.6%, cash & equivalents 27.1B won, no contingent liabilities