PNC Tech Q1 Consolidated Operating Profit Turns Positive, but Net Loss and Debt Ratio Surge

Consolidated operating profit of KRW 648M turned positive (vs. KRW 20M for full FY2025)
Consolidated net loss of KRW 90M, separate net loss of KRW 77M
Debt ratio surged to 131.59% (consolidated) from 87.9% at end-2025
Ongoing lawsuits with Kwangmyung Electric: claim for return of shares (KRW 14B) and injunction to inspect books
Kwangmyung Electric filed for rehabilitation on Apr 30, 2026
Merger with Heein completed (Apr 10, 2026); merger with MTC Korea scheduled (Jun 30, 2026)
Disposed 23.66% stake in Kwangmyung Electric; acquired 98.40% stake in HK Holdings (post-reporting period)
R&D expenses of KRW 646M (4.33% of sales)
Largest shareholder's stake increased to 37.19% (from 34.38% at end-2025)

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