Asia Seed's Q1 2026 Revenue and Net Profit Decline, Cash Increases

Separate Q1 2026 revenue: 8.65 billion KRW, down 4.3% YoY from 9.04 billion
Separate net profit: 1.49 billion KRW, down 35.5% YoY from 2.31 billion
Separate basic EPS: 123 KRW (previous year Q1: 192 KRW)
Consolidated revenue: 8.84 billion KRW, net profit: 1.50 billion KRW, EPS: 124 KRW
Consolidated cash and cash equivalents: 1.74 billion KRW, up from 1.23 billion at year-end
Consolidated trade receivables: 7.08 billion KRW, up from 4.67 billion at year-end; allowance increased
Consolidated inventory: 13.75 billion KRW, down from 14.95 billion at year-end
Borrowings unchanged at 11.68 billion KRW, net financial debt 9.94 billion
R&D expenditure: 0.74 billion KRW (8.6% of sales), compared to 0.79 billion (8.7%) in prior year Q1
Full allowance for embezzlement receivable of 0.32 billion KRW; 3 million recovered in quarter