Nara Space Technology Signs 1.38 Billion KRW Contract with Hanwha Systems for Greenhouse Gas Satellite Payload Development... Revenue Growth Anticipated

Contract Summary: Signed a contract with Hanwha Systems to develop a greenhouse gas observation microsatellite payload; contract value is 1,379,582,500 KRW (approx. 1.38 billion KRW, excluding VAT).
Revenue Contribution: Represents 10.42% of 2025 standalone revenue (13.24 billion KRW); revenue expected to be recognized within 6 months.
Payment Terms: 70% advance payment within 7 days of contract, 30% balance within 10 days after delivery – favorable for cash flow.
Contract Period: From May 28, 2026 to November 18, 2026 (approx. 6 months).
Significance: Collaboration with major defense company Hanwha Systems validates technology capability and increases potential for additional orders.
[AI Comprehensive Analysis]This contract is positive for short-term revenue growth and technology validation, but as a one-time deal, sustained order momentum is critical for stock price appreciation.