PJ Metal Q1 Operating Profit 7.9B Won, Dividend per Share Raised to 170 Won

Consolidated Q1 sales 103.1B won, operating profit 7.9B won (up 68% YoY from 4.7B won)
Separate sales 77.1B won, operating profit 7.6B won
2025 year-end dividend 170 won per share (up 13% from 150 won), paid in April
Derivative (currency futures, commodity futures) trading loss 3.3B won, valuation loss 1.1B won
Related party borrowings 30.7B won (Hwachang 23.7B, PJCemtek 7B) and loans 5B won (Poongjeon)
Short-term borrowings 70.8B won (consolidated), liquidity risk
Inventories 53.8B won, down 15.5% from year-end (63.7B won)
Deoxidizer order backlog 8,119 tons, 36.4B won
Litigation: one indemnity claim (no material impact)