Wonik QnC (074600) Q2 2026 earnings summary

Executive summary

• Revenue for the first half of 2026 was KRW 528.1 billion, down from KRW 943.6 billion in FY2025, reflecting a cyclical slowdown in the semiconductor and display sectors.

• Net income attributable to owners for H1 2026 was KRW 39.2 billion, up from KRW 22.5 billion in FY2025, driven by improved cost management and non-operating gains.

• The company maintained a strong market position in semiconductor quartz, ceramics, and cleaning segments, with diversified global operations.

Financial highlights

• H1 2026 revenue: KRW 528.1 billion (H1 2025: KRW 464.3 billion; FY2025: KRW 943.6 billion).

• Operating income for H1 2026: KRW 52.7 billion (FY2025: KRW 59.6 billion).

• Net income attributable to owners: KRW 39.2 billion (FY2025: KRW 22.5 billion).

• Basic EPS for H1 2026: KRW 1,489 (FY2025: KRW 856).

• Total assets as of June 2026: KRW 1.62 trillion; total equity: KRW 621.8 billion.

Outlook and guidance

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

• Ongoing investments in US and Korea to expand cleaning and quartz production capacity, supporting anticipated customer demand.

• Dividend policy updated to target payout of at least 10% of separate net income for 2026–2028.