Global Standard Technology Q1 26: Revenue +55%, Operating Profit +110%, Positive Share Buyback

Consolidated revenue KRW 115.9bn (+55% YoY), operating profit KRW 20.2bn (+110%), net profit KRW 17.4bn (+127%)
Completed cancellation of 188,260 treasury shares in Dec 2024 (shares from 18,618,260 to 18,430,000), positive shareholder return
Order backlog of 1,163 units (SCRUBBER 885, CHILLER 278); average SCRUBBER unit price up 8% to KRW 149mn
Derivative valuation loss of KRW 2.85bn, increasing derivative liabilities to KRW 3.81bn (FY2024 end: KRW 1.74bn), FX risk
Consolidated debt ratio rose to 32.64% (FY2024: 26.80%) but still sound; credit rating maintained at A+/A
Revenue concentration on two major customers at 78.75% (A 41.25%, B 37.50%) poses concentration risk

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