Eco Volt Q1 2026: Operating Loss, Cash Surge, Share Cancellation, and Merger with RF Tech

Consolidated revenue KRW 28.0B (YoY -47%), operating loss KRW 0.75B (vs profit KRW 1.1B in prior year), net profit KRW 0.96B (vs KRW 0.08B, significant increase)
Cash and equivalents KRW 101.1B (up KRW 29.7B from year-end), net cash KRW 78.3B, debt ratio 10.8% — very stable financial position
Treasury shares cancellation (4.31M shares, Feb 2026) and 20% paid capital reduction completed (Apr 2026); 80% free capital reduction and stock split (face value 1,000→500) decided
Board decision on Apr 13, 2026: merger with RF Tech (surviving entity), Eco Volt to be dissolved, merger ratio 1:0.4053487
Equity method gain from associate Kumho HT of KRW 1.27B; book value KRW 80.3B vs market value KRW 28.8B (impairment risk)
Disposal of subsidiary NSM and Chinese subsidiaries completed; consolidation scope reduced
Ongoing operating losses, sales decline, restructuring via merger and capital reduction

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