Value Added Technology (043150) Q1 2026 earnings summary

Executive summary

• Achieved consolidated revenue of KRW 105.2 billion in 1Q26, up 3.8% year-over-year but down 8% sequentially from 4Q25.

• Net income surged 123.6% year-over-year to KRW 14.2 billion, driven by equity method gains and favorable foreign exchange.

• Operating profit declined 16.7% year-over-year to KRW 10.99 billion due to higher cost of goods sold and increased SG&A, including R&D.

Financial highlights

• Gross profit margin was 51.0%, down 1.6 percentage points year-over-year.

• Operating profit margin stood at 10.5%, a decrease of 2.6 percentage points year-over-year.

• Net profit margin improved to 13.5%, up 2 percentage points year-over-year.

• Total assets reached KRW 715 billion at 1Q26, with a debt ratio of 40%.

Outlook and guidance

• Plans to expand 3D premium and mid/entry product sales to capture the market shift from 2D to 3D demand.

• Strategy includes strengthening market dominance through enhanced quality, technology, and customer service.

• Focus on developed markets with large FOV models and entry-level models for emerging markets.