Sphere Extends Special Alloy Supply Contract with Global Aerospace Launch Provider, Delivery Completed and Revenue Contribution Confirmed

Sphere Corp. has amended a special alloy supply contract with a US global aerospace launch provider, extending the end date to July 3, 2026. The contract value is approximately 535.5 million KRW, representing 20.94% of the company's latest consolidated revenue.
Delivery has already been completed, and payment is expected within 30 days of invoicing, so no significant change in revenue recognition.
The counterparty is not disclosed due to confidentiality but is likely a credible global aerospace launch company, implying low credit risk.
The contract is executed through outsourcing, and there is no capital raising or share dilution involved.
[AI Summary]This contract amendment is a routine schedule adjustment due to payment timing after delivery, posing no special investment risk. Although the contract size exceeds 20% of revenue, delivery is complete, ensuring stable contribution to first-half 2026 earnings. No capital changes and a credible global counterparty mean no negative impact on existing shareholder value.