Aju Steel decides to guarantee 26.1 billion won for Polish affiliate Aju Poland - risk rising due to persistent net losses
Debt guarantee decision: Board resolved on 2026.05.13 to provide a joint guarantee of 26.137 billion won for operating loan (from Korea Eximbank) to Polish affiliate Aju Poland Sp. Z o.o.
Guarantee size: 2.50% of equity (1.05 trillion won), total guarantee balance increases to 427.26 billion won.
Debtor financials: As of end-2025, assets 208.1 billion, liabilities 170.9 billion, equity 37.2 billion, net loss 8.428 billion won (vs loss 5.078 billion in 2024, profit 1.116 billion in 2023) → loss widening trend.
Risk assessment: Guarantee amount is manageable at 2.5% of equity, but debtor's persistent operating losses and high debt ratio (459%) increase credit risk.
Other: Subject to change per relevant schedules; all 3 outside directors attended.