DN Automotive: 1Q Consolidated Sales KRW 1.02T, Operating Profit KRW 144.6B; Share Buyback & Dividend Policy Continue

Consolidated Q1 FY56 (Jan-Mar 2026): Sales KRW 1,017,654M, Operating profit KRW 144,620M (OPM 14.2%)
YoY sales decrease of 72.3% (vs KRW 3,675,704M in Q1 FY55) due to elimination of subsidiary dividends and seasonality
Share cancellation: 1,499,100 shares cancelled in Oct 2024, 555,000 shares in Feb 2025; Treasury shares at period-end: 6,748,595 (11.53%)
Shareholder return policy: Annual dividend (incl. interim) + share buyback/cancellation to be at least KRW 800 per share from FY2024
M&A: Subsidiary DN Solutions completed acquisition of 100% of German Heller group in Jan 2026
Regulatory penalties: KFTC fine KRW 456M, customs penalties KRW 54M, labor ministry fines KRW 53M
Litigation: 8 cases as defendant (KRW 1,362M), 3 cases as plaintiff (KRW 1,634M); outcome uncertain
Battery plant expansion: Ulsan Plant 1 investment of KRW 60B, completion by Jun 2026 (annual capacity 1.5M units); new Busan plant target completion 2030 (additional investment ~KRW 441.4B)