Plumbfast Q1 2026 Consolidated Operating Loss of 3.3 Billion Won… Plans to Cancel All Treasury Shares
Consolidated Q1 2026 revenue: 5.18 billion won (↓21% YoY), operating loss 0.33 billion won, net loss 0.33 billion won (vs net profit 0.14 billion won in Q1 2025).
Debt ratio 13.57%, financial structure sound, cash and cash equivalents 2.93 billion won.
Treasury share cancellation plan: sequential cancellation of all 2,147,689 treasury shares (acquisition cost 6.99 billion won) as per the value-up program announced on March 27, 2026.
Wholly owned subsidiary Langfang Dongyang Pipe Co., Ltd. (China) recorded net profit of 0.24 billion won this quarter.
Main raw material PB (polybutylene) exclusively supplied by Mitsui Chemicals (Japan), exposed to FX and oil price risk.