SNSYS Q1 2026 Strong Results: Revenue +7.7%, OP +12%, Order Backlog KRW 264.2B

Q1 2026 consolidated revenue KRW 34.25B (+7.7% YoY), operating profit KRW 3.80B (+12% est.), net income KRW 3.68B (+9.5% YoY)
Order backlog KRW 264.2B (end-March 2026), up from KRW 173B at end-2025
Cash & equivalents KRW 66.8B, net debt -KRW 60.5B, capital gearing ratio 155% (vs 156% prior) – strong financial position
Dividend paid KRW 4.51B (FY2025 year-end dividend, implied KRW 478 per share)
Capacity expansion plan: total KRW 42.5B investment, including KRW 32.0B in 2026
Continued contract with major customer Samsung Heavy Industries (14.99% stake), supplying switchboards for mega container vessels
Legal risk resolved: one lawsuit dismissed, no material litigation pending
R&D expense KRW 1.13B (3.3% of sales), continued investment in eco-friendly technologies (BWMS, FGSS, etc.)
Lock-up shares of 4.9 million (52%) to be released: from Aug 2026 to Feb 2028

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