SEKONIX posts net loss of KRW 1.8B in Q1 2026; operating profit declines and debt ratio rises

Consolidated revenue KRW 104.0B (down 12.5% YoY from 118.8B), operating profit KRW 1.05B (down 65% from KRW 3.01B)
Consolidated net loss KRW 1.77B (attributable to parent -1.77B), EPS -121 won (vs EPS 232 won in prior year period)
Debt ratio 120.8% (up from 115.1% at year-end 2025), total borrowings increased to KRW 153.6B
Separate net income KRW 12.38B driven by one-time gain of KRW 6.1B from disposal of subsidiary investment
All three major subsidiaries (China, Vietnam, Poland) recorded net losses in Q1
No dividend for FY2025; FY2024 cash dividend KRW 50 per share; no share buyback or cancellation in Q1
Pending customer claim not recognized as provision due to uncertain amount
R&D expenses KRW 3.58B (3.43% of revenue), continued capex of KRW 7.3B for tangible assets

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