Gaon Cable Posts Strong Q1 2026 Results, Expands into New Businesses, Debt Ratio Increases

Consolidated Q1 2026: Revenue 763.6B KRW (+19.4% YoY), Operating profit 27.8B (+27.2%), Net profit 19.7B (+28.3%)
Debt ratio rose to 202.46% (FY-end 184.82%), net debt ratio 175.33% (144.01%)
Credit rating maintained at A2 (CP) / A (corporate bonds)
Added new business objectives: rare earth, intelligent robots, AI, STO, solar, offshore wind (long-term growth)
Capital increase via third-party allotment: shares from 9.86M to 16.54M, equity capital from 49.3B to 82.7B (acquisition of LS CABLE USA)
LS Group holds 81.64% stake; no share buyback/sale or dividend disclosure