DB Inc. Q1 2026: Revenue & Profit Growth, but No Dividend and Legal Risks Persist

Consolidated revenue 166,770 million KRW (+17.5% QoQ), operating profit 18,736 million (+7.9%), net income 29,701 million (+24.3%), EPS 155 KRW
Net debt-to-equity ratio improved to 58.89% from 60.66% at year-end
Order backlog of 4.32 trillion KRW ensures high revenue visibility
No dividend or share buyback due to lack of distributable profits; dividend policy to be established when feasible
Ongoing lawsuits (damages claim of 1,198 million KRW) and FTC fine of 211 million KRW for subcontracting violation
Fair value of DB HiTek stake (6,762 billion KRW) significantly exceeds book value (4,920 billion)
Derivative evaluation gains of 1,934 million KRW from FX hedging
K-IFRS 1118 to be adopted from 2027, affecting financial statement presentation