2026 Q1 Operating Profit Turns Positive, Financial Structure Improves via Subsidiary Sale

Operating profit turned positive: separate basis 418 million KRW (vs -2,094 million in Q1 2025), consolidated 355 million KRW
Consolidated sales 15,877 million KRW (down 17.9% from 19,333 million in Q1 2025)
Consolidated net profit attributable to parent 201 million KRW (vs -4,714 million in Q1 2025)
Separate net profit 2,784 million KRW (vs 290 million in Q1 2025, including gain from subsidiary sale)
Cash inflow of 24 billion KRW from sale of SC Engineering shares; recognized gain of 1,963 million KRW on disposal of subsidiary investment
Consolidated debt ratio improved to 28.38% (from 32.86% at year-end 2025); net debt ratio improved
Consolidated retained earnings -37,241 million KRW (loss continues but no capital impairment)
Credit rating BB0 (speculative) maintained; no dividend or share buyback plans