Derkwoo Electronics 1Q26 Consolidated Net Income KRW 17.1B…Includes KRW 21B Gain from Investment Property Sale
1Q26 consolidated revenue KRW 51.87B (↑31% YoY), operating profit KRW 1.47B (↑8%), net income KRW 17.11B. Net income surge driven by gain of approx. KRW 21B from sale of investment property in Gangnam, Seoul.
Credit rating: Ecredible BB- (downgraded from BB in 2025, maintained in 2026).
Subsequent event: On April 24, 2026, signed contract to sell Chinese subsidiary YANTAI DERKWOO for CNY 4.3M. (Subsidiary assets: KRW 3.38B, equity: KRW 1.78B).
Overseas subsidiaries (Mexico, Poland) remain in deficit equity: -KRW 54.5B and -KRW 65.8B respectively. Company provides guarantees for these entities (EUR 3.5M, USD 1.5M).
Borrowings decreased: KRW 47.7B at period-end (↓42% from KRW 81.9B at year-end 2025). Cash and equivalents increased to KRW 12.0B.
No dividend or share buyback plan (articles permit quarterly dividends, currently not implemented).