Wonik QnC (074600) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was KRW 256.2 billion, up 10.7% year-over-year, with net income attributable to owners at KRW 16.5 billion, and basic EPS at KRW 626.

• Gross margin improved to 26.6% from 27.6% in the prior year, while operating income reached KRW 21.9 billion, a 14.6% increase year-over-year.

• The company maintained a strong cash position with KRW 44.7 billion in cash and cash equivalents at quarter-end.

Financial highlights

• Total assets increased to KRW 1.60 trillion, with equity at KRW 593.1 billion and liabilities at KRW 1.00 trillion.

• Operating cash flow for Q1 2026 was KRW 27.4 billion, while investing activities used KRW 33.0 billion, and financing activities used KRW 12.5 billion.

• Dividend of KRW 3.4 billion was paid in April 2026.

Outlook and guidance

• The company expects continued demand growth in semiconductor and AI-related sectors, with global semiconductor market projected to grow over 25% in 2026.

• Ongoing investments in US cleaning market and domestic quartz production capacity are planned to support future growth.