Tongyang Reports Q1 2026 Consolidated Operating Loss of W8.7bn, Net Profit W7.1bn; Rights Issue for Preferred Shares

Consolidated revenue: W125.4bn (down 19.7% YoY)
Consolidated operating loss: W8.7bn (swing to loss)
Consolidated net profit: W7.1bn (attributable to parent: W6.5bn)
Separate revenue: W96.3bn, operating loss W7.2bn, net profit W11.6bn
Building materials segment operating loss W2.9bn (ready-mix concrete utilization rate 17.0%, market shipments declined)
Construction segment operating loss W4.6bn (order backlog W56.6bn)
Plant segment operating profit W0.3bn, Textile segment operating profit W0.4bn (Others operating loss W1.5bn)
Total borrowings W558.3bn, net debt W493.9bn, gearing ratio 39.25%
Total equity at period end: W764.3bn (vs. W756.9bn at year-end 2025)
On May 12, 2026, announced rights issue for 2nd preferred shares (Dongyang 2WooB), payment date May 20, listing expected June 9
71st AGM approved a plan for holding and disposal of treasury shares (specific amount not disclosed)
Assumed non-recourse PF loan of W126.4bn for affiliate Geumwang F1