DYPNF Q1 2026 Results: Revenue Decline, Net Profit Drop, Shift to Net Cash

Q1 2026 consolidated revenue 60.7B KRW (down 35% YoY from 93.8B), operating profit 3.6B, net profit 3.9B (down 62% from 10.2B)
Net debt turned to net cash of -3.6B (from net debt 14.7B at year-end), cash 41B (up from 23B)
Bad debt expense of 3.8B weighed on earnings; trade receivables reduced sharply to 8.7B (collection progress)
FY2025 dividend of 6.6B unpaid (estimated ~630 won per share) → shareholder return policy
Order backlog of 192.9B securing future revenue base
Ongoing litigation: 3 cases as plaintiff (1.55B), 5 as defendant (2.72B) → potential risks
New business objectives added (AI, semiconductor, e-commerce, etc.) but not yet implemented
Foreign exchange translation gain of 1.6B contributed to financial income