LOGEN's consolidated Q1 2026 revenue edged up 0.7% year-on-year to KRW 192.5 billion, but operating profit plummeted 63.8% to KRW 3.0 billion, and net profit attributable to parent plunged 89.1% to KRW 383 million from KRW 3.5 billion a year ago.
Earnings per share dropped to KRW 7 from KRW 67, and the interest coverage ratio fell to 0.8x, indicating operating profit cannot cover interest expenses. Debt ratio stood at 144.2% and net debt-to-equity at 73.4%, reflecting deteriorating financial health.
The company held 3,666,477 treasury shares with a book value of KRW 15.6 billion and paid no dividends. Pending litigation amounting to approximately KRW 3.0 billion and the planned merger with related party Moda Inochip continue to overhang.
[AI Summary]Despite slight revenue growth, LOGEN's Q1 2026 results show severe profitability deterioration with operating and net income collapsing year-on-year. Already high leverage and interest burden weaken financial stability, making the capital erosion and dilution risks from the pending merger more pronounced. Merger uncertainty and litigation pose downside risks to the stock.
KOSDAQ Filing Information
[Correction of Attachment] Securities Registration Statement (Merger)