Value Added Technology (043150) Q1 2026 earnings summary

Executive summary

• Achieved consolidated revenue of KRW 105.2 billion in Q1 2026, up 3.8% year-over-year, with stable sales despite global economic uncertainty and robust demand in North America and Europe.

• Net income surged 123.6% year-over-year to KRW 14.2 billion, driven by equity method gains and favorable foreign exchange; net income attributable to owners was KRW 14.5 billion.

• Operating profit declined 16.7% year-over-year to KRW 10.99 billion due to higher cost of goods sold and increased SG&A, including R&D.

• Maintains leading market share in premium dental imaging, leveraging proprietary sensor technology and strong R&D.

• Global dental imaging business with 26 subsidiaries, offering a full lineup of digital X-ray and CT products for dental clinics worldwide.

Financial highlights

• Gross profit margin was 51.0%, down 1.6 percentage points year-over-year, with KRW 53.6 billion gross profit on KRW 105.2 billion sales.

• Operating profit margin stood at 10.5%, a decrease of 2.6 percentage points year-over-year.

• Net profit margin improved to 13.7%, up 2 percentage points year-over-year.

• Total assets reached KRW 715 billion at 1Q26, with a debt ratio of 40%.

• Cash and cash equivalents at quarter-end: KRW 102.4 billion.

Outlook and guidance

• Plans to expand 3D premium and mid/entry product sales to capture the market shift from 2D to 3D demand and strengthen global market coverage.

• Strategy includes enhancing product competitiveness, quality, technology, and customer service.

• Continued investment in R&D and digital/AI solutions to maintain leadership in dental imaging.

• Focus on developed markets with large FOV models and entry-level models for emerging markets.

• Emphasis on customer-centric service and education to drive long-term demand.