2025 Business Report: Revenue and profit up, improved financials, no dividend planned

Consolidated 2025 revenue: KRW 129.3B (USD 90.9M), operating profit KRW 8.3B (USD 5.8M), up 5.0% and 48.5% YoY respectively
Net income KRW 8.3B (USD 5.8M), surging ~340% from KRW 1.9B in 2024; operating margin improved to 6.4%
Total liabilities KRW 30.4B, down 10.2% from KRW 33.8B; equity KRW 143.6B, up 6.1%
Current ratio 484% (vs 446%), net debt ratio -13.5%; solid financial health
Strong performance from key subsidiaries (Spain Industrias Gol, Vietnam, Dongguan) driving growth
Loans to major shareholder (Seoul Metal Holdings) and related parties ~KRW 15B (short-term)
No contingent liabilities, major lawsuits, or derivative transactions
No dividend or share buyback/cancellation plans; no shareholder return policy announced