Daemyoung Energy Q1 2026 Operating Profit Surges but Net Profit Drops; Asset Impairment & Litigation Risks

Consolidated Q1 2026 revenue: KRW 30.8bn, operating profit: KRW 17.9bn (58.2% margin), significant YoY increase.
Net profit: KRW 4.8bn, down 42.9% YoY (from KRW 8.4bn). Main causes: equity method losses of KRW 8.6bn, asset impairment of KRW 1.2bn (fire at Daemyung Wind Power), increased donations and other expenses.
Debt-to-equity ratio: 136% (debt KRW 230.4bn, equity KRW 169.5bn); cash and equivalents: KRW 31.5bn, up from year-end 2025.
Investigation ongoing regarding turbine collapse at joint venture Geumsungsan Wind Power; impact uncertain.
Litigation: 1 case as plaintiff (KRW 2bn), 2 cases as defendant (KRW 2.9bn) pending.
Credit rating maintained at A- (Nice).