LIG Defense&Aerospace (079550) Q1 2026 earnings summary

Executive summary

• Sales for FY26 1Q reached KRW 1,167.9 billion, up 28.7% year-over-year and down 16.9% sequentially from FY25 4Q.

• Operating income surged 56.1% year-over-year to KRW 171.1 billion, with a margin of 14.7%.

• Net income increased 69.4% year-over-year to KRW 135.4 billion.

• Significant overseas sales growth, notably from the UAE MSAM-II program.

Financial highlights

• Operating income margin improved to 14.7% from 12.1% in FY25 1Q.

• Net income attributable to shareholders rose 69.9% year-over-year to KRW 139.9 billion.

• Overseas sales accounted for 34.7% of total sales, up from 20.4% a year ago.

• Operating loss related to Ghost Robotics was approximately KRW 13 billion.

Outlook and guidance

• First-ever export contract for the SAAM missile system signed with the Royal Malaysian Navy, valued at approximately KRW 140 billion.

• Anticipated additional orders under Malaysia's naval fleet-modernization program.

• Foundation established for future multi-layered naval air-defense system exports.