Essentech Swings to Operating Profit of KRW 823M in Q1 2026; Revenue Up 17%

Q1 2026 revenue KRW 16.27B (vs KRW 13.90B in Q1 2025), up 17.0%
Operating profit KRW 823M (vs KRW 360M), net profit KRW 804M (vs KRW 360M)
Debt ratio 166% (FY2025: 159%), net debt ratio 129%; high leverage
#1 in LPG valve market (65% share); vertical integration provides cost advantage
Major shareholder (주)대창 (50% stake) and CEOs provide guarantees (~KRW 23B)
Accumulated deficit KRW 21.35B; no dividends; future dividend possible if surplus arises

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