CLASSYS (A214150) Q1 2026 earnings summary

Executive summary

• Achieved 20 consecutive quarters of year-over-year revenue growth, with Q1 2026 revenue at ₩872 billion, up 13.1% YoY but down 6.7% QoQ.

• Gross profit reached ₩650 billion (up 6.1% YoY), maintaining high margins despite temporary unrealized profit eliminations from new subsidiaries.

• Operating income was ₩372 billion, down 4.1% YoY and 27.3% QoQ, impacted by increased marketing and acquisition-related fees.

• Net income attributable to controlling interests was ₩336 billion, up 12.7% YoY but down 21.2% QoQ.

Financial highlights

• Overseas sales grew 17.1% YoY, while domestic sales declined 2.8% YoY.

• Equipment sales surged 19.9% YoY, driven by strong Ultraformer and Volnewmer performance.

• Consumables sales remained stable YoY, with robust recurring domestic revenue.

• SG&A expenses rose 23.5% YoY, mainly due to acquisition costs and expanded marketing.

• EBITDA margin for Q1 2026 was 47.1%.

Outlook and guidance

• 2026 revenue guidance set at ₩4,700–₩5,100 billion, representing 40–51% YoY growth.

• Growth drivers include new product launches (Quadessy, Volnewmer), expanded B2C channels, and accelerated global market penetration.

• China market entry and regulatory approvals expected to contribute to mid- and long-term growth.