K-ENSOL Q1 2026 Weak Earnings and Credit Rating Downgrade

Consolidated Q1 2026 revenue fell 11.1% YoY to KRW 115.2 billion from KRW 129.5 billion
Operating profit of KRW 0.58 billion, a turnaround from loss but very modest in scale
Net profit dropped sharply to KRW 0.11 billion, EPS KRW 10
Debt ratio increased to 218.88% from 212.91% at year-end 2025, higher leverage
Credit ratings downgraded: eCredible BBB+→BBB-, NICE D&B A-→BBB+, KDATA A+→A-
Cash flow ratings deteriorated: KDATA CR-4→CR-5, overall credit weakening
Order backlog at KRW 406.5 billion, down from KRW 467.1 billion but still substantial