MNC Solution (A484870) Q1 2026 earnings summary

Executive summary

• Specializes in precision hydraulic and electric solutions for defense modernization, with a strong domestic and export presence in the defense sector.

• Completed a corporate split in December 2023, focusing on defense business specialization.

• Listed on KOSPI in December 2024; majority shareholder holds 73.78%.

Financial highlights

• Q1 2026 revenue: KRW 66.1 billion, down from KRW 75.1 billion in Q1 2025.

• Q1 2026 net income: KRW 6.1 billion, down from KRW 7.9 billion in Q1 2025.

• Operating margin Q1 2026: 12.1%; net margin: 9.3%.

• Cash and equivalents at Q1 2026 end: KRW 86.0 billion.

• Dividend payout ratio for FY2025: 50.02%.

Outlook and guidance

• Maintains stable order backlog with ongoing domestic and international defense contracts.

• Expects continued growth in defense spending globally and domestically, with government support for exports.

• Plans to sustain a 50% payout ratio for dividends, subject to financial and market conditions.