DIC Q1 2026 Earnings Plunge: OP Down 66%, Net Loss

Consolidated sales KRW 165.2bn (↓14.5% YoY), OP KRW 2.8bn (↓66%), controlling net loss KRW 0.75bn (vs profit KRW 1.3bn)
Net debt KRW 306.3bn, gearing ratio 63.28% (FY25: 62.77%), total borrowings KRW 339bn
Interest expense KRW 3.8bn exceeds OP (KRW 2.8bn), worsening financial burden
Capital surplus KRW 89.3bn, retained earnings deficit -KRW 30bn → no dividend possible
Credit rating BB0 (stable); effective tax rate 67.21% (vs 25.75% in Q1 FY25) surged
Automotive parts sales KRW 149.4bn (↓13.8%), construction equipment KRW 15.7bn (↓20.4%)
R&D ongoing: EV reducer, SBW, etc.; patents held for future mobility
Top customer A accounts for 62.46% of sales (60.02% in Q1 FY25)