Total Dividends of 2 Billion KRW
Dividend Payout Ratio of 26.9%
Ubivelox announced its first-ever cash dividend since its founding. The dividend is 280 KRW per share, with a total dividend amount of approximately 2 billion KRW. Based on last year's separate net income of 7.6 billion KRW, the dividend payout ratio reaches 26.9%.
Kang Jung-gyu, Head of Business Strategy at Ubivelox, stated, “Our company was able to deliver record-high performance through growth in overseas smart card sales, rapid expansion of chip platform business in industries requiring security and authentication such as home appliances and automobiles, and continued strong sales of robot vacuum cleaners. Although it is still a time when we need to focus on expanding market dominance and securing new markets, we decided on a cash dividend to give back, even if just a little, to the shareholders who have trusted Ubivelox for a long time.”
He also added, “As our company grows, we will strive to return profits to shareholders in various ways.”
Ubivelox reported consolidated sales of 543.6 billion KRW last year, a 21% increase compared to the previous year, with operating profit of 49.3 billion KRW and net income of 31 billion KRW, showing significant profit growth relative to sales. This is interpreted as the company’s chip platform technologies and products establishing a strong position in the market, centered around the rapidly growing security and authentication market for all IoT (Internet of Things) devices and standards such as Qi (the standard for wireless charging product standardization and compatibility), as well as genuine product authentication.
Meanwhile, Ubivelox expects continued growth based on preparations for the commercialization of KLSC (Korea Dedicated Smart Card), expansion into the overseas black box market, and distribution of flagship products such as robot vacuum cleaners. In addition, Ainavi Systems, a map platform subsidiary, is preparing for an IPO with Kiwoom Securities as the lead underwriter.
Furthermore, Ubivelox is also developing new business in the performance platform sector, supplying light sticks for K-pop artists such as NewJeans and BOYNEXTDOOR. Under the lead of Kiwoom Securities, the map platform affiliate Ainavi Systems is smoothly preparing for its public listing.
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