Union: Q1 Operating Loss, but Net Income Surges on Financial Asset Gains

Consolidated revenue KRW 45.2B (down 10.3% YoY), operating loss KRW -0.71B (vs profit KRW 1.04B)
Net income KRW 32.1B (up 816% YoY) due to KRW 39.9B fair value gain on financial assets and KRW 3.0B disposal gain
Standalone: revenue KRW 20.4B (↓9.8%), operating loss KRW -1.9B, net income KRW 31.8B (↑870%)
Largest shareholder changed: from Lee Geon-young to Lee Woo-sun (gift of 1.4M shares) on March 3, 2026
Sold all 116,605 OCI shares for financial结构 improvement
Segment performance: cement operating loss KRW -1.9B, ferrite loss KRW -0.6B, ceramic profit KRW 2.1B
Borrowings increased: short-term borrowings KRW 132.5B (from KRW 124.6B), total liabilities KRW 221.8B
Total equity KRW 158.3B (from KRW 129.6B), retained earnings KRW 101.9B
No dividend or share buyback/cancellation announced