Busan Industrial: Q1 Consolidated Net Loss Narrows but Separate Net Loss Swings to Red

Consolidated sales: 23.2 billion KRW, down 24.6% YoY (prior year quarter: 30.8 billion)
Consolidated operating profit: 497 million KRW, down 24.2% YoY (prior: 656 million)
Consolidated net loss: 394 million KRW, improving from a loss of 1,029 million KRW in prior year
Separate sales: 6.07 billion KRW, down 16.7% YoY
Separate net loss: 90 million KRW (swing from profit of 428 million in prior year)
Debt ratio: 94.86%, slightly improved from 95.58% at year-end
Litigation risk: National Railroad Authority claim of 7.75 billion KRW; partial loss in first instance; 627 million KRW recognized as liability
Prior year dividend: 250 KRW per share (paid March 2026); no new dividend announcement this quarter
Borrowings increased: short-term 12.45 billion, long-term 94.69 billion (total ~107.1 billion)