Chemtronics Q1 revenue up, operating profit down; expands EV charging and new businesses

Q1 2026 consolidated revenue KRW 174.5B (+16.9% YoY), operating profit KRW 7.4B (-28.8% YoY), net profit KRW 4.0B
Segment: Semiconductor KRW 16.9B (9.7%), Electronics KRW 108.1B (62.0%), Automotive KRW 9.6B (5.5%), Distribution/Other KRW 39.9B (22.9%)
Growth in wireless charging, etching, semiconductor PGMEA; expanding EV wired/wireless charging business
Credit rating BBB+ (Korea Data)
FY2025 cash dividend: KRW 220 per common share
Debt ratio 211% (consolidated debt KRW 527.3B, equity KRW 250.1B); high reliance on borrowings
Remaining 430,704 redeemable convertible preferred shares fully converted to common shares in April 2026 (dilution)
R&D expense KRW 5.5B (3.16% of revenue); developing next-gen technologies like glass substrate (TGV)
Contingent liabilities: ongoing lawsuit related to Pangyo office project

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