CNT85 Returns to Operating Profit in Q1 2026; Sales More Than Double

Q1 2026 (standalone): Revenue KRW 14.19B (up 131% YoY), Operating profit KRW 0.17B (vs -1.02B loss in Q1 2025), Net profit KRW 0.91B (vs -0.73B loss).
Plant segment drove performance (KRW 12.13B, 85.5% of total), followed by Construction (KRW 1.70B) and Filter Press (KRW 0.32B).
Total assets KRW 81.7B, liabilities KRW 22.3B, equity KRW 59.4B (slight increase from year-end 2025).
Net debt KRW 14.9B, capital ratio (net debt to capital) 20% – stable financial structure.
Key risks: 8 ongoing lawsuits (total approx. KRW 5.9B + USD 3.68M), trade receivables allowance rate 36%, short-term borrowings KRW 3.67B.
Stock split ongoing (face value from KRW 500 to KRW 2,500, expected completion May 2026); treasury shares 4.48M (6.05%).
No dividends for 5 years; retained earnings deficit KRW 80B.
Related party transactions: financial income from Baro Savings Bank etc.