TPC Turns Profitable in Q4 Last Year...Approves Differential Dividend for Minority Shareholders

TPC Mechatronics announced through an electronic disclosure on February 24 that, based on its consolidated financial statements for last year, sales amounted to 86.3 billion won, and its net loss decreased by approximately 48% compared to the previous year.

In particular, the company succeeded in turning a profit in the fourth quarter of last year, and its performance is showing signs of improvement. A TPC official said, "Last year, due to delays in investment in downstream industries such as secondary batteries and automobile-related equipment, sales in our main business divisions temporarily declined, resulting in an annual loss," adding, "However, as sales in both new business divisions and existing business divisions grew together, our performance recovered rapidly from the second half of the year."

TPC has decided on a 2% cash dividend for minority shareholders and others, excluding the largest shareholder and related parties, as part of its commitment to responsible management focused on shareholder interests.

TPC is a specialized company in core drive technologies for AI autonomous manufacturing, and it is accelerating its transformation into a robot-focused company by recently concluding multiple strategic alliances in the core components and manufacturing segments of industrial and humanoid robots.