KRW 41.95 billion Rights Offering, Net Profit of KRW 10.38 billion in 2025

Offering size: 500,000 common shares (5.89% dilution), expected to raise approximately KRW 41.95 billion at 1st offering price of KRW 83,900 per share, proceeds for facility investment (land purchase and new factory) and working capital (raw material purchase).
2025 performance surge: consolidated revenue KRW 64.08 billion (+44.0%), operating profit KRW 7.37 billion (swing to profit), net income KRW 10.38 billion. In Q1 2026, revenue KRW 20.02 billion, operating profit KRW 3.20 billion, interest coverage ratio 29.6x.
Financial stability: debt-to-equity ratio improved to 41.3% (from 48.4%), current ratio 266.8%, debt dependency 10.8%. However, net borrowings turned to KRW 6.89 billion due to decreased cash equivalents.
Key risks: high customer concentration (Customer A 49.2%, Customer B 19.8%), sharp rise and volatility in raw material prices (gold, tungsten, copper), accounts receivable collection period lengthened to 77 days (industry avg. 54 days), inventory of KRW 18.42 billion (turnover 3.4x).
Stock volatility: price ranged from KRW 4,245 to KRW 116,900 over recent 3 years, designated as investment caution stock 13 times and investment warning stock 3 times.
Major shareholder RFHIC (41.54%) plans to fully participate in the rights offering, ensuring fundraising stability.
No pending litigation; partial pass-through of gold price increase via ~15% product price hike; separate exports account for 54.1% of revenue.

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Filing: [Correction of Description] Securities Registration Statement (Equity Securities)
Company: RF Materials (327260)
Submission: RF Materials Co., Ltd.
Receipt: 05-19-2026