Moonbae Steel: Q1 2026 Operating Profit Turns Positive, Strengthened Shareholder Returns Through Dividend and Treasury Share Disposal

**Improved Earnings**: Q1 2026 revenue KRW 38.4B (+15.8% YoY), operating profit KRW 0.17B (vs -KRW 3.23B in prior year, turning positive), net profit KRW 1.26B (+186% YoY)
**EPS**: KRW 62 (vs KRW 24 in prior year, +158%)
**Financial Health**: Debt ratio 20.43% (improved from 22.34% at end of prior year), net defined benefit liability KRW 0.41B
**Dividend & Treasury Share Disposal**: Cash dividend of KRW 50 per share (total KRW 1.03B) for FY2025, full disposal of 1,935,621 treasury shares in Dec 2025, plans to introduce semi-annual dividend (2026) and quarterly dividend (2027)
**Equity Method Income**: KRW 1.47B (increase from prior period, driven by strong performance of associates such as N.I Steel)