KISCO Holdings Q1 2026 Operating Loss of 17.3B Won, Legal Risks Persist

Q1 2026 consolidated sales of 203.0B won (+6.5% YoY), operating loss of 17.3B won, net loss of 14.3B won.
Weak steel manufacturing segment: operating loss of 17.1B won (due to construction downturn and raw material cost increases).
Key subsidiaries Korea Steel and Hwanyoung Steel both reported quarterly net losses.
Two ongoing antitrust damage lawsuits (total claims approx. 182.6B won, company portion approx. 29.3B won) - outcome uncertain.
Sound financial structure: net cash 41.1B won, debt ratio 12.6%, total borrowings 10.8B won.
New investments in related parties: acquired 16.0B won in four ESG private investment trusts (equity method).
At the 70th AGM, dividend of 1,800 won per share decided (shareholder proposal of 3,584 won rejected).
Changed external auditor from Samjung to Sunil Accounting Corporation.