SD System Reports Q1 2026 Operating Loss of 864 Million Won, Significant YoY Decline


  • Q1 2026 consolidated sales KRW 27.9 billion, down 58% from KRW 66.6 billion in same period last year
  • Operating loss of KRW 8.6 billion (vs. operating profit of approx. KRW 0.9 billion in Q1 2025), net loss KRW 7.4 billion (vs. net profit KRW 2.1 billion)
  • Loss per share of KRW 55 (vs. EPS KRW 16 in Q1 2025), no dividend
  • Debt ratio at 20.82% remains low, but accumulated deficit of KRW -142 billion persists
  • Main business segments: Intelligent Transport Systems (ITS) 59.2%, Fire Safety Systems 28.2%, Toll Collection 7.2%, Hi-pass OBU 5.2%
  • No significant lawsuits or contingencies; auditor unchanged (Seonjin Accounting Corporation designated)
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KOSDAQ Filing Information


  • Filing: Quarterly Report (2026.03)
  • Company: SD System (121890)
  • Submission: SD System Co., Ltd
  • Receipt: 05-13-2026