Dasco: Q1 Loss Widens, Debt Ratio Rises, New Orders Expected
Consolidated Q1 2026 revenue increased 19.2% YoY to KRW 59.5bn, but operating loss widened to KRW 5.8bn (vs KRW 2.6bn loss) and net loss to KRW 5.8bn (vs KRW 2.5bn loss).
Debt ratio rose to 105.74% from 88.52% at year-end; net debt stood at KRW 143.7bn.
Issued 1,151,280 new shares via bond with warrant exercise (capital increase of KRW 0.58bn), and acquired 164,555 additional treasury shares.
Completed merger with subsidiary SsolEco in prior year; consolidated entities increased to 18.
SOC and renewable energy EPC order backlog of KRW 141.0bn; signed joint development agreement for 400MW Jangheung solar project in February.
Lawsuit claiming delay damages (KRW 19.2bn) dismissed in August 2025; company's estimated liability share of 6.65% limits financial impact.
No dividends declared; no share buyback or cancellation plans.