Doosan Robotics (A454910) Q1 2026 earnings summary

Executive summary

• Consolidated revenue surged 190% year-over-year in 1Q26, driven by domestic government projects and EU expansion, with ONExia acquisition contributing significantly.

• Parent-only revenue increased 80% year-over-year, reflecting robust project execution and customer growth.

• SG&A expenses rose due to capacity expansion, relocation, and increased AI-related R&D hiring.

Financial highlights

• 1Q26 consolidated sales reached KRW 15,295 million, up 17.6% sequentially and 189.7% year-over-year.

• Operating loss narrowed to KRW -12,069 million, improving by KRW 4,381 million quarter-over-quarter.

• EBITDA loss improved to KRW -8,815 million, up KRW 5,359 million sequentially.

• Net income loss reduced to KRW -9,165 million, a KRW 7,489 million improvement from the previous quarter.

Outlook and guidance

• Launch of new AI solutions and North America expansion expected to drive solution mix to 46% in 2026.

• Continued growth anticipated in automation solutions, supported by a USD 13.5 million backlog in the Americas.

• Ongoing capacity expansion and hiring to strengthen North American presence.