SK Eternix Reports Q1 Net Loss, but Ownership Change to KKR and Large Order Backlog
Change of largest shareholder: SK Discovery sells entire 30.69% stake (10,455,825 shares) to KKR fund (Eclipse Holdco L.P.) for KRW 247.8 billion (closing expected by end of June 2026)
Q1 consolidated results: Revenue KRW 27,523 million, operating profit KRW 4,909 million, net loss KRW 5,112 million
Debt ratio 419.7% (vs 382.4% at end of 2025), high leverage
Order backlog of KRW 455,070 million (wind and fuel cell EPC contracts)
Significant contingent liabilities and guarantees related to joint ventures and associates
Held currency swap derivative asset of KRW 5,043 million for cash flow hedging