ROBOTIS (108490) Q1 2026 earnings summary

Executive summary

• Q1 revenue rose to KRW 11,841,337,017 from KRW 10,223,377,207 YoY, while operating results swung to a loss amid sharply higher SG&A, R&D and staff share-based compensation.

• Actuators remained the core business at 97.33% of revenue; investment and product plans are centered on humanoid robots and dedicated actuators.

Financial highlights

• Consolidated gross profit was KRW 6,066,074,054 versus KRW 6,307,659,778 YoY; operating loss was KRW 11,843,301,537 versus operating income of KRW 826,026,453.

• Consolidated net loss was KRW 9,947,074,614 versus net income of KRW 1,202,509,185 YoY; loss attributable to owners was KRW 10,062,155,460.

• Finance income rose to KRW 3,240,814,915, including interest income of KRW 1,229,040,731 and FX gains of KRW 1,099,283,708; finance costs were KRW 1,096,275,656.

• Operating cash flow was KRW 2,752,665,701; investing cash outflow was KRW 14,393,247,166 and financing cash inflow was KRW 41,146,447,363.

• Cash and cash equivalents ended Q1 at KRW 60,905,822,766, up from KRW 31,037,776,879 at year-end 2025.

Outlook and guidance

• Humanoid and Q-line actuator development and production capacity investments are underway; related results are expected to become visible from early 2027.

• Dynamixel-Q was planned for release in H2 2026, with production in Uzbekistan planned from 2027.

• AI Sapiens was unveiled in April 2026; development plans describe a 2027 release, with walking, running, one-leg balance and dance capabilities.

• The three-year 2026–2028 strategy focuses on actuator development, humanoid production and data-led technology improvement.