Consolidated revenue up 57%, net profit up 206%… Auto interior parts and household goods drive growth

Consolidated Q1 2026: revenue 31.1bn won (up 57% YoY), operating profit 1.03bn won (up 5%), net profit 1.51bn won (up 206%)
Separate: revenue 9.96bn won (up 30%), operating loss improved to 0.4bn (from 5.1bn loss), net profit 0.56bn (swing from loss)
Auto interior parts revenue 14bn won (up 183%) but operating loss 0.11bn; household goods revenue 9.6bn won (up 35%) operating profit 0.03bn (breakeven)
Debt ratio 53.25% (down from 57.10%), net debt 32.2bn won, cash 8.9bn won, equity 60.4bn won
Credit rating upgraded to BBB0 (from BBB- in 2023)
No dividends or share buybacks (none in last 5 years)
Related party loans 21.7bn won with allowances for bad debts (some 100%)
Key changes: MS AR contract ended Apr 2025; new OEM customer Henkel added Sep 2025

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