Dongil Steelux: Q1 Operating Loss Narrows to ₩3.7B, Stock Consolidation and Process Optimization Underway

Q1 2026 revenue ₩6.85B (down 12.1% YoY), operating loss ₩0.37B (improved from ₩1.76B loss), net loss ₩1.2B (improved from ₩1.75B)
AGM on Mar 31 resolved 2:1 reverse stock split (par value ₩500→₩1,000), effective May 1, reducing shares by half (no change in capital)
Debt ratio 316.73%, accumulated deficit ₩67.7B; audit report includes going concern uncertainty emphasis
Ceased in-house rolling process to cut costs, switched to external sourcing; drawing facility utilization 79.7%
Provides joint guarantee of USD 2.5M for affiliate Daesun Shipbuilding's import L/C (debt USD 10.8M)
New businesses (robot, UAM) on hold due to affiliate workout delays; review after 2026
No dividends or share buyback plans