Douzone Bizon (012510) Q1 2026 earnings summary

Executive summary

• Achieved Q1 2026 consolidated revenue of KRW 116.6 billion, up 18.2% year-over-year, with operating income of KRW 35.0 billion and net income of KRW 22.8 billion.

• Completed merger with holding company, simplifying group structure and enhancing operational efficiency.

• Major shareholder changed to Doronicum Co., Ltd. following a public tender offer and share exchange, with plans for delisting and full subsidiary conversion underway.

• Retired 2,354,110 treasury shares in May 2026 to enhance shareholder value.

Financial highlights

• Q1 2026 revenue: KRW 116.6 billion (+18.2% YoY); operating income: KRW 35.0 billion (+62.3% YoY); net income: KRW 22.8 billion (+90.2% YoY).

• Gross margin: 51.8%; operating margin: 30.1%; net margin: 19.6%.

• Basic and diluted EPS: KRW 783 (Q1 2026), up from KRW 409 (Q1 2025).

• Cash and cash equivalents at period end: KRW 154.2 billion.

• Total assets: KRW 1,148.0 billion; total equity: KRW 630.7 billion.

Outlook and guidance

• Continued focus on cloud, AI, and digital transformation solutions, leveraging recent investments and partnerships.

• Ongoing expansion into fintech and data-driven services, including MyData and digital banking via strategic investments.

• Management expects sustained growth in SaaS and cloud markets, with digital transformation driving demand.