Device Q1 2026 Sales Surge 260%, Return to Profit, Stock Split

Revenue KRW 31.09bn (+260% YoY), Operating profit KRW 12.28bn (turnaround from loss), Net profit KRW 11.06bn
Credit rating upgraded from BBB- to BBB+ (Nice Information Service)
Stock split announced: 1 additional share per share (6,733,451 shares), listing expected 2026.05.22
Cash dividend for FY2025: KRW 4.38bn (payout ratio 25.86%)
Order backlog KRW 63.61bn; top customer A accounts for 80.72% of sales (high concentration)
Subsidiary Oclean Ventures turned profitable (net profit KRW 0.73bn)
Total assets KRW 224.62bn, liabilities KRW 56.76bn, equity KRW 167.86bn, equity ratio 74.73%
R&D expenses KRW 0.19bn (0.62% of sales), 98 patents held

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