S-1 (012750) Q1 2026 earnings summary

Executive summary

• 1Q26 sales remained flat year-over-year, with growth in Security and Building Management offset by a decline in Security SI revenue.

• Operating profit dropped significantly due to a one-off severance pay expense related to an average wage ruling.

• Revenue CAGR from FY21 to FY25 was 5.7%, maintaining a solid growth trend.

Financial highlights

• 1Q26 sales: KRW 6,737 hundred million, down 0.1% YoY and 14.1% QoQ.

• 1Q26 operating profit: KRW 207 hundred million, down 62.4% YoY and 62.9% QoQ.

• 1Q26 net profit: KRW 215 hundred million, down 48.8% YoY and 40.6% QoQ.

• FY25 sales: KRW 28,894 hundred million, up 3.0% YoY; net profit: KRW 1,786 hundred million, up 1.1% YoY.

Outlook and guidance

• Plans to expand into AI and robotics-based products and services for mid- to long-term growth.

• Continued investment in new businesses and technology acquisition.

• Dividend payout ratio for FY26 targeted at 50–60%.