Daelim Bath Q1: Op Profit +40%, Debt Ratio Improves, Stock Cancellation

Q1 2026 consolidated revenue: 75.8B KRW (+2.2% YoY), operating profit: 5.6B KRW (+38.4%), net profit attributable to parent: 4.0B KRW (+57.1%), EPS: 245 KRW (+59%)
Net debt ratio improved to 21.9% (from 32.1% at year-end), cash & equivalents 25.0B KRW (2.3x increase from 11.0B)
Equity ratio 51.0%, debt ratio 95.9% (stable financial structure)
Sanitary ware market share 61.8% (No.1 for 22 consecutive years), K-BPI bathroom remodeling No.1 for 10 consecutive years
Credit rating: BBB0 (NICE, regular evaluation)
Post-balance sheet date (Apr 20, 2026): announcement of treasury stock cancellation (shareholder return policy)