Solum (248070) Q1 2026 earnings summary

Executive summary

• Operates globally in electronic components and ICT, with 33 consolidated subsidiaries as of Q1 2026.

• Main business segments: electronic components (power modules, boards) and ICT (ESL, IoT).

• Q1 2026 revenue was KRW 478.2 billion, with operating income of KRW 21.7 billion.

• Major customer (Samsung Electronics and affiliates) accounted for 46% of Q1 sales.

Financial highlights

• Q1 2026 revenue: KRW 478.2 billion (up from KRW 397.4 billion in Q1 2025).

• Q1 2026 operating income: KRW 21.7 billion (up from KRW 11.5 billion in Q1 2025).

• Q1 2026 net income: KRW 4.7 billion (up from KRW 2.5 billion in Q1 2025).

• Gross margin for Q1 2026: 17.5%.

• Cash and cash equivalents at Q1-end: KRW 180.9 billion.

• Debt ratio: 141.2% at Q1 2026 (up from 126.8% at year-end 2025).

Outlook and guidance

• Focus on expanding high-value applications in electronic components and digital retail solutions.

• Continued investment in R&D and global production capacity.

• No specific forward guidance provided.