Kyungdong Invest 1Q26: Net profit down, low debt ratio and ample liquidity

Consolidated Q1: revenue 54.3B, operating profit 1.9B, net profit 2.9B (down from 4.1B YoY). Standalone net profit 3.5B.
Debt ratio 24.6% (FY2025: 23.1%), cash equivalents 45.9B, short-term financial instruments 50.1B. Ample liquidity.
Mining segment operating loss 4.4B, construction segment loss 0.2B, plant/logistics segment loss 0.2B. Holding company segment operating profit 5.3B.
Litigation: indemnity claim by Hyundai Engineering & Construction of 5.1B pending.
Dividend: 750 won per share for FY2025. No share buyback or cancellation plans.
Construction order backlog 344.6B (including GTX-B, Chuncheon-Sokcho railway projects).