Sebang Q1 Consolidated Net Profit KRW 19.4B, Financially Stable but Litigation and Guarantee Risks Persist

Consolidated Q1 2026 revenue KRW 299.8B, operating profit KRW 6.9B, net profit KRW 19.4B (vs full-year 2025 net profit KRW 65.6B)
Separate revenue KRW 172.2B, operating profit KRW 5.6B, net profit KRW 19.9B
Key associate Sebang Electric's share price fell to KRW 59,500 from KRW 62,800 at year-end 2025
Three lawsuits pending from POSCO regarding bid rigging (total claim KRW 1.5B) and another lawsuit of KRW 8.85B
Guarantees provided for joint venture Gunsan New Port: KRW 70B guarantee and KRW 20B funding commitment agreement
FY2025 year-end dividend: common stock KRW 300, preferred stock KRW 305 (shareholder proposal of KRW 800 rejected)
Total consolidated assets KRW 1.5T, debt ratio 25.2%, equity KRW 1.2T, sound financial structure
No separate shareholder return policy such as share buyback or cancellation disclosed