Daedong Steel cancels 350,000 treasury shares, Q1 profit improves

Completed cancellation of 350,000 treasury shares (total outstanding 9,650,000 shares) and sale of 366,457 shares, resulting in zero treasury shares. Enhanced shareholder returns.
Q1 2026 revenue 31.8bn won, operating profit 0.1bn won, net profit 0.41bn won. Improved YoY.
Net debt negative at -1.7bn won (cash exceeds debt). Strong liquidity with cash 5.9bn and short-term financial products 32.2bn.
Dividends payable of 279mn won indicates continued dividend payments. Stable financial structure.