PROTEC Q1 Revenue Doubles, Operating Profit Up 5.3x; Decides to Cancel 2M Treasury Shares

Consolidated revenue: 62.4B KRW (vs 30.4B, +105%), operating profit: 15.4B (vs 2.9B, +428%), net income: 19.0B (vs 3.6B, +428%)
EPS: 2,022 KRW (vs 527), diluted EPS same
Decided to cancel all 2M treasury shares (18.18%) via capital reduction (completed Apr 29, 2026, capital decreased from 5.5B to 4.5B, outstanding shares 9M)
Debt ratio: 24.24%, net debt ratio: 6.61%, cash and cash equivalents: 65.6B KRW
Strong demand for semiconductor equipment, benefiting from AI/HBM; system segment revenue 62.4B (vs 30.4B)
Key customers: A 18.0B, B 15.1B, C 6.9B
Pending litigation: appeal ongoing for disclosure omissions (outcome uncertain)
2022 regulatory fine (513M KRW) and 2025 first-instance verdict (fine 50M, CEO suspended sentence)

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