DongSung FineTec Q1 2026: OP +58%, NP +90%, Credit Rating Upgraded to A-

Q1 2026 consolidated revenue: KRW 169.1bn (-1.9% YoY), operating profit: KRW 19.9bn (+58.4%), net profit: KRW 17.1bn (+89.7%)
Credit rating upgraded to A- (from BBB+, by Korea Ratings)
Order backlog: KRW 2.08 trillion (cryogenic insulation for LNG vessels, ongoing major contracts)
Debt ratio improved to 55.2% (from 62.5% at year-end)
41st term (2025) dividend: KRW 400/share, total KRW 11.97bn (payout ratio 41.7%)
Regulatory fine of KRW 372mn imposed in 2025 for accounting errors; auditor appointed
Derivative liabilities: KRW 1.15bn (FX hedging TRF contracts, fair value loss)
New business: refrigerant recycling; preparing for mandatory recycled refrigerant use in 2027