Foosung (093370) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was KRW 141.4 billion, up 32.1% year-over-year, driven by strong refrigerant sales and expanded performance from subsidiaries.

• Operating income reached KRW 9.3 billion, but the period ended with a net loss of KRW 7.2 billion attributable to owners, mainly due to finance costs and other non-operating losses.

• The company maintains a leading position in fluorochemicals, battery materials, and semiconductor specialty gases, with unique domestic production capabilities.

Financial highlights

• Q1 2026 consolidated revenue: KRW 141.4 billion (Q1 2025: KRW 107.1 billion).

• Operating income: KRW 9.3 billion (Q1 2025: KRW 9.3 billion).

• Net loss attributable to owners: KRW -10.0 billion (Q1 2025: KRW 5.3 billion profit).

• Gross margin: 17.6% (Q1 2025: 15.2%).

• Basic EPS: -93 KRW (Q1 2025: 50 KRW).

Outlook and guidance

• The company is investing in capacity expansion for battery materials and specialty gases to capture global demand.

• Focus remains on R&D for next-generation refrigerants and battery additives, with ongoing patent activity.

• No specific quantitative guidance provided for the remainder of 2026.