Net profit KRW 0.71B, but controlling interest net loss of KRW 0.30B due to sharp increase in finance costs (FX loss KRW 1.66B)
At the Mar 31, 2026 AGM, a reverse stock split (2:1) and par value change were approved; outstanding shares remain 53,743,968 (not yet implemented)
New wholly-owned Vietnam subsidiary (Seoul Metal Hanoi Co., Ltd) established for production facility expansion; land purchased and foundation work underway
Net debt-to-equity ratio -14.05% (cash exceeds debt); no additional financing plans
[AI Summary]The company showed improved revenue and operating profit due to strong end-market demand, but the controlling interest net profit turned to loss from FX losses from a strong USD. The reverse stock split appears aimed at maintaining listing requirements with limited direct shareholder impact. The Vietnam expansion is a long-term growth driver but near-term contribution is modest. Overall, operational stability is solid, posing low investment risk, but currency volatility remains a concern.