Dongyang S-Tec: Q1 2026 Consolidated Net Loss and Full Disposal of Treasury Shares

Consolidated Q1 2026 revenue increased 19% YoY to KRW 51.5bn, but operating profit plunged 97% to KRW 1.3bn; controlling interest net loss of KRW 2.8bn (vs profit of KRW 6.5bn in Q1 2025).
Separate operating loss continued at KRW 4.7bn, net loss of KRW 0.2bn.
Consolidated basic EPS: -KRW 1 (vs +KRW 34 in Q1 2025).
During Q1, all 1,027,155 treasury shares were sold on market; disposal loss of KRW 4.0bn recognized in other equity components.
Dividend payment of KRW 965mn in Q1 (for FY2025).
Debt ratio improved to 64.85% (FY2025: 65.01%), net debt ratio to 30.15% (FY2025: 36.29%).
Total borrowings decreased to KRW 40.9bn (FY2025: KRW 48.9bn).
Steel products segment operating loss widened to KRW 4.7bn (Q1 2025: loss KRW 3.7bn); waste treatment operating profit declined to KRW 1.0bn (Q1 2025: KRW 3.9bn).
Trade receivables over 1 year stood at KRW 12.4bn, allowance for bad debts at KRW 4.78bn (9.43%).
A 1% rise in interest rates would increase annual interest expense by approximately KRW 1.3bn.