Consolidated Revenue Surges to KRW 360B and Operating Profit Turns Positive on Subsidiary Consolidation
- Consolidated Q1 2026: Revenue KRW 36.03B, Operating Profit KRW 0.50B, Net Income KRW 1.65B (sharp increase from separate Q1 2025: KRW 9.06B, KRW 1.72B, KRW 1.52B). Full effect of consolidating subsidiary MX Robotics (21.45% stake, de facto control) materializing.
- Order backlog of KRW 182.78B (domestic KRW 27.61B, overseas KRW 155.17B) securing stable growth. Debt ratio 65.33%, net debt ratio 15.50% maintaining financial soundness.
- Recognized goodwill KRW 9.89B and other intangible assets KRW 4.96B related to subsidiary acquisition. Put/Call options exist per shareholder agreement with SK.
- Soft PLC 'MuLiN' ready for launch and joint development of robot controller with Bem Robotics in progress. R&D expense 3.47% of revenue.
- This amendment is a simple correction of a typo in the separate summary financial information; no change to actual figures.
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KOSDAQ Filing Information
- Filing: [Correction of Description] Quarterly Report (2026.03)
- Company: MX On (347890)
- Submission: MX On CORPORATION
- Receipt: 05-18-2026