IS Dongseo Q1 2026 Operating Profit KRW 118.1B, Debt Ratio Improves

Consolidated revenue KRW 437B, operating profit KRW 118.1B, controlling net income KRW 153B, basic EPS KRW 5,147
Construction segment operating profit KRW 93.2B (revenue KRW 214B) leading performance; Concrete segment OP KRW 9.7B; Environmental segment OP KRW 12.1B
Battery recycling unit revenue KRW 55B included; total environmental segment revenue KRW 141.4B
Debt ratio improved to 59.65% from 81.14% at year-end 2025; net debt KRW 933.8B (decreased); cash KRW 445.5B (increased)
Cash dividend of KRW 500 per share for FY2025 (total KRW 14.9B) approved, maintaining shareholder return
PF guarantees KRW 266.9B (maintenance project PF); event of default for KRW 14.8B exists
Litigation: 73 cases as defendant (KRW 57.3B), 10 cases as plaintiff (KRW 25.4B)
R&D expenses KRW 0.56B (0.13% of revenue); ongoing development in PC and battery recycling technology
Absorption merger of subsidiary Busan Blue Coast completed (Jan 1, 2026) to enhance operational efficiency
Subject to global minimum tax but meets Safe Harbour requirements, no additional tax incurred