VT Q1 2026: Revenue up 13.8%, operating profit down on higher marketing costs

Consolidated quarterly revenue of 114.3 billion won, up 13.8% YoY
Operating profit of 17.3 billion won, down 40.3% YoY due to increased advertising and logistics costs
Net profit attributable to parent of 18.2 billion won, down 18.2% YoY; EPS 527 won
Total assets 368.2 billion, liabilities 96.4 billion, equity 271.8 billion (all up from year-end 2025)
Net debt decreased: total borrowings 30.7 billion won (vs 36.4 billion at year-end); debt ratio improved
Credit rating upgraded to A- (Korea Data Rating, Nov 2024)
No quarterly dividend or share buyback/retirement
Subsidiary VT Japan turned to profit (operating profit 0.39 billion won vs loss of 5.1 billion in full 2025)
R&D expenses 0.9 billion won (0.79% of sales), increased YoY
Inventories of 82.2 billion won, up 13.2% from 72.6 billion at year-end
Non-recurring gain of 6.2 billion won from disposal of financial assets