Snt Dynamics (003570) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was KRW 179.9 billion, up 19.8% year-over-year, with operating income of KRW 21.3 billion, a 20.3% margin.

• Net income attributable to owners was KRW 20.2 billion, with basic EPS of KRW 854.

• The company maintained a strong cash position, ending the quarter with KRW 97.3 billion in cash and equivalents.

• No significant changes in capital stock or major contracts; all exchangeable bonds issued in 2025 were fully converted by April 2026.

Financial highlights

• Q1 2026 revenue: KRW 179.9 billion (Q1 2025: KRW 150.1 billion).

• Operating income: KRW 21.3 billion (Q1 2025: KRW 17.7 billion).

• Net income: KRW 20.2 billion (Q1 2025: KRW 17.8 billion).

• Gross margin: 16.4% (Q1 2025: 17.5%).

• Cash flows from operations: KRW 35.3 billion (Q1 2025: -KRW 6.7 billion).

Outlook and guidance

• Continued investment in R&D, with Q1 R&D expenses at KRW 11.3 billion (6.3% of sales).

• Focus on expanding electrification and hybrid product lines and new defense systems.

• Management expects stable demand in defense and automotive segments despite global uncertainties.