VITZROCELL (082920) Q1 2026 earnings summary

Executive summary

• Achieved consolidated Q1 2026 revenue of KRW 68.3 billion, operating income of KRW 20.3 billion, and net income of KRW 20.2 billion, with strong performance in battery and lithium cell sales.

• Maintained robust financial position with total assets of KRW 389.4 billion and equity of KRW 339.6 billion as of March 2026.

• Completed acquisition of Innova Power Solutions Inc. in late 2025, expanding product and market reach.

Financial highlights

• Q1 2026 revenue increased to KRW 68.3 billion from KRW 53.9 billion in Q1 2025.

• Operating income for Q1 2026 was KRW 20.3 billion, up from KRW 15.1 billion year-over-year.

• Net income for Q1 2026 reached KRW 20.2 billion, compared to KRW 13.0 billion in Q1 2025.

• Basic and diluted EPS for Q1 2026 were KRW 450, up from KRW 289 in Q1 2025.

• Cash and cash equivalents at quarter-end were KRW 15.8 billion, down from KRW 24.4 billion at the end of 2025.

Outlook and guidance

• Dividend payout policy targets at least 20% payout ratio for 2024–2026, with 25% or more considered from 2027.

• Management expects continued growth in lithium primary battery markets, especially in smart grid, industrial, and defense sectors.