RFHIC (218410) Q1 2026 earnings summary

Executive summary

• Specializes in GaN (Gallium Nitride) semiconductors for wireless communications, defense, and RF energy sectors, with a strong focus on R&D and global expansion.

• Q1 2026 consolidated revenue was KRW 43.1 billion, with operating income of KRW 7.7 billion and net income of KRW 8.7 billion.

• Maintains a robust balance sheet with total assets of KRW 566.7 billion and equity of KRW 424.1 billion as of March 2026.

Financial highlights

• Q1 2026 revenue: KRW 43.1 billion (down from KRW 185.8 billion FY2025; Q1 2025: KRW 31.9 billion).

• Q1 2026 operating income: KRW 7.7 billion; net income: KRW 8.7 billion; EPS: KRW 260.

• Gross margin for Q1 2026: 41.2%.

• Cash and cash equivalents at Q1 2026: KRW 29.0 billion.

• R&D expenses for Q1 2026: KRW 4.4 billion (10.2% of sales).

Outlook and guidance

• Focus on expanding in satellite communications and marine/defense radar markets, leveraging proprietary GaN technology.

• Anticipates continued growth in demand for GaN-based products in 5G, defense, and RF energy sectors.

• Dividend policy targets payout of at least 30% of separate net income for 2025–2027.