Innox Q1 2026 Operating Profit Plunges; Leisure & Material Losses Widen

Consolidated revenue: 144.1B KRW (down 6.2% YoY), operating profit: 8.2B KRW (down 83.2% YoY), net profit attributable to parent: 1.5B KRW (down 56.5% YoY)
Segment: Holding operating profit 23.3B (vs 60.1B), Leisure operating loss 4.3B (loss widened), Material operating loss 9.6B (loss widened)
Consolidated debt-to-equity ratio: 58.95% (up from 55.84% at year-end 2025)
Contingent liabilities: put option on Innox Eco-M shares (up to investment principal) and derivatives on convertible bonds
Separate: Holding revenue 5.4B (incl. equity method income 4.1B), operating profit 2.3B