Dongkuk Industries Swings to Operating Loss in Q1 2026, Faces US Tariff Risks

Consolidated Q1 2026 revenue: KRW 167.0B, operating loss: KRW 4.6B, net loss attributable to parent: KRW 8.3B
Deteriorated from FY2025 operating profit of KRW 7.0B to operating loss
Short-term borrowings increased to KRW 222.1B (FY2025-end: KRW 196.1B), total liabilities KRW 438.4B vs equity KRW 453.2B
Derivative valuation loss of KRW 4.0B recorded, exposure to FX volatility
US tariffs (50%) and preliminary anti-dumping duty of 4.99% pose risks to wind tower exports
5 lawsuits pending in construction segment; allowance for doubtful accounts on construction receivables: KRW 31.7B
Dividend maintained at KRW 145 per share for FY2025 (continuous since 2001)
Nickel-plated steel sheet new business in sample production, targeting mass production in 2026
EPC project for Ja-eun wind farm progress rate: 97.69%