Dgenx Q1 2026 Results: Revenue Up, Operating Profit Down, Debt Ratio Rises

Q1 2026 consolidated revenue 22.4bn won (+8.7% YoY), operating profit 1.2bn won (-19.2% YoY)
Net profit attributable to parent 1.4bn won, EPS 44 won (vs 46 won)
Debt ratio increased to 153% (from 142% year-end), borrowings 15.0bn won
No share buyback/cancellation or dividend plan
Chinese subsidiary performance deteriorated (sales decline, operating loss)
Renewable energy business under withdrawal review; hydrogen business still early stage
Credit rating BB0 (NICE, April 2026)
Key customers: GM Korea, Renault Korea, Nissan