Mercury Reports Q1 2026 Net Profit Turnaround (1.3B KRW) with Reduced Operating Loss

Revenue 26.0B KRW (up 20.9% YoY from 21.5B)
Operating loss narrowed to 1.2B (from 2.3B loss)
Net profit turned positive to 1.3B (from 2.2B loss), including 2.75B bargain purchase gain from acquisition of E Asset Global
Borrowings increased to 14.1B (from 5.6B) due to new 10B long-term loan
Cash decreased to 14.0B (from 18.7B)
Equity slightly up to 143.5B
No dividends or share buyback; investment prioritized
Top 3 customers account for 69% of sales
R&D spending 2.16B (8.29% of sales)
Credit ratings: KED A, NICE BBB- maintained

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