Daewon Cable posts strong Q1 2026 results: consolidated revenue KRW 189.2 bn, operating profit KRW 14.7 bn

Consolidated Q1 2026: revenue KRW 189,242m, operating profit KRW 14,669m, net income KRW 11,210m
Separate Q1 2026: revenue KRW 158,312m, operating profit KRW 9,911m, net income KRW 8,791m
YoY consolidated revenue growth of 25.1%; separate revenue growth of 30.2%
Debt ratio improved to 120.57% from 127.85% at year-end 2025
Net debt ratio increased to 10.10% from 2.04% due to higher borrowings
Cash and cash equivalents: KRW 18,652m, up from KRW 16,751m at year-end
Convertible bond fully converted; no outstanding balance
Three pending lawsuits as defendant (total ~KRW 1,777m) deemed immaterial by management
No dividend paid for the past five years