KISCO Reports Operating Loss of KRW 14.2B in Q1 2026 Amid Construction Downturn

Revenue KRW 111.7B (down 3.9% YoY), operating loss KRW 14.3B (vs loss of KRW 38.7B in full 2025), net loss KRW 11.2B (EPS -KRW 354)
Total assets KRW 860.5B, liabilities KRW 115.8B, equity KRW 744.7B, net cash KRW 18.9B (debt-free)
Rebar market share 8.9% (slight increase), capacity utilization 79.6%
Litigation risk: two ongoing damages lawsuits for collusion (total claims KRW 182.6B, company portion KRW 18.8B)
R&D expense KRW 12M (0.011% of revenue)
No dividend or share buyback disclosure
Largest shareholder KISCO Holdings 60.34%, average stock price in March KRW 9,406 (downward trend)