Coasia: Operating Loss in Q1 2026 but Net Profit Turns Positive on Equity Method Gains
Consolidated revenue in Q1 2026: KRW 121.8 billion (+17.2% YoY); operating loss of KRW 2.0 billion (vs. operating profit of KRW 1.8 billion in Q1 2025).
Consolidated net profit attributable to parent: KRW 2.2 billion (EPS KRW 89), turning from a net loss of KRW 0.8 billion in Q1 2025.
Debt-to-equity ratio rose to 239.45% from 195.95% at end-2025, indicating increased financial leverage.
Significant contingent liabilities: derivative liabilities of KRW 22.6 billion and other financial liabilities of KRW 59.2 billion related to put options on convertible preferred shares of subsidiary CoAsia Semi.
Cash and cash equivalents increased to KRW 69.0 billion from KRW 53.7 billion at year-end 2025.
Revenue growth driven by the electronic components segment, mainly camera modules/lenses for Samsung Electronics.