VITZROCELL (082920) Q2 2026 earnings summary

Executive summary

• Achieved consolidated revenue of KRW 144.4 billion, operating income of KRW 39.0 billion, and net income of KRW 37.5 billion for H1 2026, with strong performance in lithium primary batteries and expansion into new business areas.

• Completed 100% acquisition of Innova Power Solutions Inc. in October 2025, strengthening presence in high-temperature battery and oil & gas markets.

• Maintained AA- credit rating as of June 2026, reflecting robust financial health and stable operations.

Financial highlights

• Revenue for H1 2026: KRW 144.4 billion, down from KRW 243.1 billion in FY2025 (full year).

• Operating income for H1 2026: KRW 39.0 billion; net income: KRW 37.5 billion.

• Basic EPS for H1 2026: KRW 835 (consolidated), KRW 802 (separate).

• Cash and cash equivalents at June 2026: KRW 20.0 billion.

• Total assets at June 2026: KRW 427.0 billion; equity: KRW 358.8 billion.

• Dividend payout: KRW 11.7 billion (KRW 260 per share, 20.5% payout ratio).

Outlook and guidance

• Targeting continued global leadership in lithium primary batteries and expansion into AI data center, defense, and recycling markets.

• Dividend policy aims for payout ratio of at least 20% through 2026, increasing to 25% from 2027.

• Ongoing investment in R&D and capacity expansion to support new business lines and maintain competitive edge.