AJ Networks Q1 2026: Revenue 287.2B, Operating Profit 21.9B, Initiated Quarterly Dividend

Consolidated Q1 2026: Revenue 287.16B KRW (+14.7% YoY vs restated), Operating profit 21.87B (+26.3% YoY), Net profit attributable to parent 16.58B
Initiated quarterly dividend from Q1 2026, strengthening shareholder returns (10 consecutive years of dividends)
Treasury shares: 501,709 shares (1.11%), canceled 1,569,536 shares in 2023
Credit ratings: Corporate bonds BBB+ (stable), CP A3+ (maintained through 2025-2026)
Expanded subsidiaries to 23 (new AJ Networks Japan), invested in related company Metis AI
Debt-to-equity 292%, high leverage typical for rental business with asset base
Contingent liabilities: 5 lawsuits (5.07B KRW), options related to derivatives but no balance at quarter-end
Inventory 42.1B (2.34% of total assets), allowance for bad debts 6.58%

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