Credit rating upgrade but consolidated results decline; EV battery case orders continue

Consolidated sales KRW 142.1B (down 15.8% QoQ), operating profit KRW 9.7B (down 39.8%), net income KRW 13.2B (down 16.8%)
Separate sales KRW 82.7B (up 1.4% QoQ), operating profit KRW 0.6B (down 78.1%), net income KRW 4.4B (up 1,620% due to base effect)
Credit rating upgraded to BBB- from BB+ (NICE, June 2025)
Debt ratio 59.39% (FY-end 57.72%↑), net debt KRW 503.6B (FY-end 445.7B↑)
One lawsuit as defendant (KRW 0.5B), no provision recognized
Major order backlog for EV battery cases etc. KRW 88.9B (including new KRW 108.7B contract in June 2025)
No share buyback, cancellation or dividend plan (current dividend policy maintained)