FADU Signs 46.5B KRW Enterprise SSD Controller Supply Contract with Global NAND Flash Manufacturer... Large Order Equivalent to 50% of Revenue Boosts Earnings Outlook

FADU has signed a supply contract for enterprise SSD controllers with a global NAND flash memory manufacturer, with a total contract value of 46.5 billion KRW (USD 30.97 million, applying exchange rate of 1,501.60 KRW/USD).
This contract amount represents 50.32% of FADU's 2025 consolidated revenue (92.4 billion KRW), making it a large-scale order expected to significantly contribute to earnings improvement within the next 12 months.
The contract period runs from May 28, 2026 to January 1, 2027, and a prepayment of 3.1 billion KRW (10% of total consideration, USD 3.097 million) was already received on December 2, 2025, confirming the counterparty's credibility.
In case of contract cancellation, the penalty is set at the lower of 0.5% of the canceled amount or direct costs that cannot be avoided, limiting FADU's downside risk.
The exact identity of the counterparty is not disclosed due to confidentiality, but being a global NAND flash memory manufacturer signifies a major customer acquisition.
[AI Comprehensive Analysis]This contract is a large-scale order that validates FADU's technology and global competitiveness, providing a strong driver for near-term revenue growth. However, investors should monitor contract termination terms and customer concentration risk.