Daehan Steel: Q1 2026 Consolidated OP Turns Positive QoQ but YoY Decline, Derivative Losses & Legal Risks

Consolidated sales: KRW 305.6bn (up KRW 17bn QoQ); OP: KRW 64.5mn (swung to profit); Net profit: KRW 167mn
Separate sales: KRW 175.5bn; Operating loss: KRW 630mn; Net profit: KRW 19mn
Derivative (FX forwards/futures) valuation loss: KRW 1.27bn
Litigation provision for KFTC fine: KRW 44.7bn; asset attachment in progress
YK Steel's rolling plant serious accident (1 fatality)
Completed free share issuance (11,457,199 shares, 0.6616554 per existing share)