Motrex cancels 324,619 treasury shares and decides to acquire Doowool – Q1 results stable
Treasury share cancellation: Completed cancellation of 324,619 shares on Mar 4, 2026 (1.32% of 24,537,371 issued shares). Part of shareholder return policy.
Doowool acquisition: On Apr 30, 2026, board resolved to acquire 62.23% stake in Doowool for 145.2B KRW to expand business synergy.
Derivative liabilities: 2.35B KRW (vs 2.59B at YE2025). Related to currency swaps and forwards.
Litigation risk: Three product liability lawsuits against subsidiary Jinjin Construction Robot ongoing, but impact on consolidated F/S expected limited.
Financial position: Total assets 931.6B KRW, liabilities 615.6B KRW, equity 316.0B KRW. Debt ratio 195%.