WooYang HC Swings to Profit in Q1 2026, Improves Financial Structure

Q1 2026 consolidated revenue KRW 31.16B, operating profit KRW 3.01B, net profit KRW 4.48B (swing to profit vs FY2025 net loss of KRW 4.31B)
Standalone: revenue KRW 31.29B, operating profit KRW 3.28B, net profit KRW 4.72B
Net debt decreased 59% to KRW 5.28B (from KRW 12.83B at FY2025 end); cash increased 66% to KRW 20.24B
Capital procurement ratio improved to 2.71% (from 6.51%)
Acquired 70% stake in EnSol (KRW 5B), recognized goodwill of KRW 4.03B, expanding eco-plant business
Order backlog KRW 79.95B; key contracts: Bechtel Energy LNG heat exchangers KRW 43.64B, Technip Energies CLOUMNS KRW 23.95B
Credit ratings: NICE BBB-, KED BBB-, eCreditable BB
Ongoing copyright lawsuit with small provision of KRW 3M
No dividend; no share buyback or cancellation plan