FNS TECH Q1 2026 Operating Profit Doubles to KRW 35 Billion, Declares Cash Dividend

Consolidated Q1 2026 revenue KRW 129.5B (-0.8% YoY), operating profit KRW 35.0B (+106% YoY), margin 27%
Declared FY2025 cash dividend total KRW 2.63B (approx. KRW 340 per share), recorded as dividend payable
R&D expenses KRW 0.54B (4.15% of sales), significant increase from KRW 0.23B (1.72%) in prior year
Sales concentration to major customer A increased to 55.2% from 40.2% YoY
Subsidiary ASAHI LAMP (Taiwan) acquisition effect: components/materials sales up to KRW 8.54B from KRW 5.34B prior year
Debt ratio 40.39%, cash 25.9B, exchangeable bonds KRW 9.35B (maturing 2029, exchange price KRW 16,500, put option exercisable from June 2026)
Treasury shares 849,345 (9.90%), including 580,000 shares reserved for exchangeable bonds (160,000 exchanged in April 2026)
Assets held for sale (land & building) KRW 9.56B, sale to Temco in progress (expected by Dec 2026)
Q1 net profit KRW 3.20B, controlling interest KRW 2.67B (EPS KRW 345)
Added new business objectives (smart farm, etc.) for diversification

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