Neotis Q1 2026 Strong Earnings: Consolidated Revenue KRW 17.9B, Operating Profit KRW 2.3B; New Share Issuance of KRW 18.6B

Consolidated Q1 2026 revenue KRW 17.9B (+3.4% YoY), operating profit KRW 2.3B (+40.6%), net profit KRW 2.8B (+182.6%)
Total liabilities KRW 69.4B (from KRW 58.1B at year-end), borrowings KRW 47.4B (from KRW 37.8B)
Separate Q1 2026 revenue KRW 13.7B (+18.6% YoY), operating profit KRW 1.6B (+303.1%), net profit KRW 1.7B (+151.2%)
On May 12, 2026, board resolved to issue 662,000 convertible preferred shares (price KRW 28,057) to Brookdale International Partners, totaling KRW 18.6B
Put option liability (non-current derivative liability) of KRW 1.05B related to financial investors in Gwangjin Precision; redeemable if IPO or profit target not met
Micro-bit segment capacity utilization 97.68%, shaft 66.33%, lens polisher 49.42%
R&D expenditure KRW 672M (3.76% of revenue)
Loan guarantees from major shareholder and CEO: approx. KRW 22.9B
Convertible bonds fully redeemed (Jan 2025)
Unlisted equity investments (Seoul Saengjujo, Neosamsipsam) fully impaired (carrying value KRW 0)
EPS (consolidated) KRW 170, separate KRW 130

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