Profitability Deterioration and Increased Reliance on Financial Gains, PBV Segment Continues Losses

Q1 2026 consolidated revenue KRW 46.0B (-5.9% YoY), operating profit KRW 4.26B (-50.8%), controlling net profit KRW 7.34B (-5.2%)
EPS KRW 506 (vs KRW 534 in prior year period)
Non-operating financial income of KRW 4.37B (vs KRW 1.10B in prior period) supported net profit
Net debt increased to KRW 17.3B (from KRW 1.6B at year-end 2025) due to decreased cash and increased investment in financial assets
Subsidiary MTL (PBV): revenue KRW 3.36B, net loss KRW 1.72B, continuing losses
Three product liability lawsuits pending; management expects no material impact
Dividend policy: target payout ratio of 50%+ of separate net income over three years maintained