Sanil Electric Q1 2026 Strong Performance: Sales KRW 150.3B, Operating Profit KRW 55.5B

Q1 2026 consolidated sales KRW 150.3B (up 37% YoY), operating profit KRW 55.5B (margin 36.9%), net profit KRW 45.9B
Export ratio 97.9%, US sales over 87%; benefiting from global distribution transformer market growth and AI data center demand
Debt ratio increased to 23% (from 16% at year-end 2025), still low and stable financial structure
No treasury stock buyback or cancellation plan; dividend policy determined by profit level and investment plans
Raw material (aluminum, copper) price risk managed via long/short-term purchase contracts
Two minor lawsuits pending (Nuri Engineering, Shandong Dongfang Steel) with immaterial amounts
Ongoing facility investment (2nd factory expansion etc.), 52% completion of total KRW 42B investment plan for 2026