Geomam S-2BL Public Housing Project: KRW 153bn Construction Order (51% Stake)

Contract: Geomam S-2BL private-participation public housing construction order
Contract amount: KRW 152,967,745,560 (company's 51% share; total KRW 299,936,756,000)
Counterparty: Incheon Urban Development Corporation (public entity)
Contract period: 2026-05-07 to 2030-12-31
Proportion of revenue: 5.30% (based on 2025 consolidated revenue of KRW 2,887,440,609,690)
Key terms: progress payments within sales proceeds limit; no down payment or advance
Project overview: 9 buildings, B2~29F, total 1,032 households (282 public rental, 750 public sale)