Duksung Q1 2026 earnings slump… dividend raised

Consolidated sales KRW 34.27B (prior year Q1 KRW 38.52B, -11.0%), operating profit KRW 0.91B (prior year Q1 KRW 2.86B, -68.2%), net profit KRW 0.45B (prior year Q1 KRW 2.25B, -80.0%)
Basic EPS common stock KRW 29 (prior year Q1 KRW 146)
FY2025 dividend: common KRW 115/share, preferred KRW 120/share (increased from KRW 100/105 previous year)
Debt ratio 55.7% (FY2024 year-end 56.7%) slightly improved
Largest shareholder stake 18.28% (declined from 20.89% in 2022)
Treasury shares 1,778,560 shares (11.34%), exchangeable bonds (KRW 9.848B, conversion price KRW 6,540) overhang
Investment in new Indonesian subsidiary ongoing (total Rp130.59B, paid Rp63.25B up to this quarter)
R&D expenses KRW 0.596B (1.42% of sales)
No material litigation or contingencies