Strong 1Q26 Results: Sales +46% YoY, Net Income 65B Won, Debt Ratio Plunges to 50.9%

1Q26 consolidated revenue: 32.7B won (up 46% YoY from 22.3B), operating income 2.8B, net income 6.5B (vs 0.76B last year)
Debt ratio improved sharply to 50.9% from 84.1% at year-end; net cash position maintained (net borrowing ratio -26.6%)
EPS 542 won (vs 63 won last year); dividend of 250 won per common share consistent
Treasury shares: 225,506 shares (1.84%) held; no additional buyback plan but short-term disposal for employee compensation
Secondary battery materials remain core (59.1% of sales); overseas production subsidiaries expanding
New business: technical service provision to overseas subsidiaries commenced
Derivative liabilities decreased; partial redemption of convertible bonds and bonds with warrants