Aju Steel: 1Q26 Operating Loss Narrows, but Net Loss Persists; Debt-to-Equity Ratio 656%
Consolidated 1Q26 revenue KRW 263.8bn, operating loss KRW 0.85bn (improved from loss of KRW 6.76bn in 1Q25), net loss KRW 11.26bn (improved from loss of KRW 18.08bn year-on-year)
Post-report period events: early redemption of BW (KRW 14.5bn), exchange of exchangeable bonds (726,030 treasury shares exchanged), borrowing KRW 18bn from parent
Pending litigation: construction cost claim of KRW 1.29bn from Bomin General Construction