OE Solutions Q1 2026: Revenue +28%, Operating Loss Improved 89%, Net Income Turns Positive

Consolidated Q1 2026: Revenue 18.0bn KRW (+28% YoY), Operating Loss 0.6bn KRW (improved 89% from -5.7bn), Net Income 1.6bn KRW (vs -5.9bn loss, turned positive)
Operating cash flow still negative at -4.1bn KRW, but net profit boosted by financial gains (derivatives, investment gains) of 11.7bn KRW
Convertible bond (25bn) 67% converted; total equity increased to 75.6bn (from 64.3bn)
Short-term borrowings unchanged at 27.9bn; CB book value reduced to 6.9bn (from 8.6bn) due to repurchase
Credit rating B (up from B-)
Completed sale of AimValley stake (gain of 2.6bn)
R&D expense 2.8bn (15.8% of sales, down from 29.4%)
No dividend (suspended since 2024)

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