LS Materials 1Q Sales KRW 43B, Operating Loss KRW 1.1B, UC Loss Narrows

Consolidated 1Q 2026: Revenue KRW 43.1B (+22% YoY), Operating loss KRW 1.15B (vs -1.08B in 1Q 2025), Net loss KRW 1.74B (vs -1.13B)
UC segment: Revenue KRW 8.2B, Operating loss KRW 0.36B (improved from -1.31B)
Aluminum segment: Revenue KRW 30.0B, Operating profit KRW 1.7B (full year 2025: KRW 7.5B)
Debt ratio 37.7% (FY2025 end: 33.2%), Cash & equivalents KRW 17.9B (down from KRW 57.4B)
Dividend: Cash dividend declared for FY2025 despite net loss (total KRW 1.49B), maintaining shareholder return
New business: AI data center power solution (MOU with Vertiv), renewable energy grid stabilization (factory audit completed with German S company)
R&D: KRW 1.0B (2.4% of sales), developing high-voltage/high-capacity UC and LIC process tech
Regulatory fine: KRW 6M for hazardous chemical storage violation; corrective measures taken