Daedong Q1 2026: Revenue down, operating profit positive but net loss continues

Consolidated revenue: 377.7 billion KRW, down approx. 91 billion KRW YoY (due to export decline)
Operating profit: 60.2 billion KRW (positive), but net loss of 61.3 billion KRW (attributable to parent: 12.9 billion loss) due to non-operating expenses
Debt-to-equity ratio: 263.9% (equity 651.1B, liabilities 1,718.3B)
Current ratio: 99.6% (current assets 1.24T, current liabilities 1.25T) → liquidity risk
Inventory: 777.5B (32.8% of total assets) – high level
Dividend for FY2025: 10% cash dividend on common shares (excluding treasury) confirmed at AGM – dividend maintained
R&D spend: 4.5B in Q1 (2.15% of sales)
Holds 26 patents including autonomous driving and electric vehicles; continued future tech development
Among subsidiaries, only US entity (DAEDONG-USA) profitable; Europe, China, etc. loss-making
Debt guarantees to affiliates: 243.1 billion KRW