T-Robotics Q1 2026: Revenue Down 35.7%, Operating Loss of 29.5bn KRW Continues, Net Loss Narrows to 0.62bn

Consolidated Q1 2026 revenue of KRW 8.16bn, down 35.7% YoY from KRW 12.69bn
Operating loss of KRW 2.95bn, wider than prior year (FY2025 operating loss was KRW 11.9bn)
Net loss narrowed to KRW 0.62bn from KRW 4.73bn YoY, driven by derivative valuation gains
Debt-to-equity ratio rose to 88.2% from 83.0% at year-end 2025
Financial liabilities (loans, bonds) increased to KRW 38.83bn from KRW 34.42bn
Outstanding convertible bonds (7th series) and bonds with warrants (6th series) with refixing clauses
Credit rating B+ (NICE D&B) - short-term trade credit acceptable but insufficient responsiveness to changes
Vacuum robots accounted for 78.3% of sales, autonomous logistics robots 13.7%
Production utilization rate low at 19% (vs 26% in FY2025)
Ongoing lawsuit with 'D' company for KRW 0.62bn in damages; no provision recognized
Accumulated deficit of KRW 112.2bn; no dividend possible
No share buyback or cancellation plans