Songwon Industrial's 2025 Consolidated Net Profit Plunges 94.8% to EPS 97 Won; Maintains 300 Won Dividend Despite 308% Payout Ratio – XBRL Error Correction Filed

XBRL note correction: dividend amount unit error (7,200,000,000,000,000 won → 7,200,000,000 won) corrected; no financial impact
2025 consolidated revenue: 1,039.2B KRW (down 2.9% YoY), operating profit 21.8B KRW (down 65.2%), net profit 2.3B KRW (down 94.8%)
Consolidated EPS fell to 97 won from 1,879 won, a 94.8% decline, severely impairing shareholder value
Separate entity reported operating loss of 8.3B KRW and net loss of 3.9B KRW, turning to red
Maintained cash dividend of 300 won per share (total 7.2B KRW), but payout ratio reached 308% of consolidated net profit, raising sustainability concerns
Debt ratio improved to 51% from 56%, equity increased slightly to 760.1B KRW
Interest rate risk: 1% rise on floating-rate borrowings (54.7B KRW) would reduce pretax profit by 5.5B KRW; FX risk: 10% fluctuation in major currencies impacts net income by 17.1B KRW
No treasury shares, no dilutive instruments such as new issuances or convertible bonds
[AI Summary]Songwon Industrial posted a 95% plunge in consolidated net profit for 2025, resulting in EPS of only 97 won, yet maintained a 300 won dividend, pushing the payout ratio to 308% and raising questions about financial sustainability. The earnings drop stems from weak global demand and intensifying price competition, and investors should monitor the high dividend dependency and uncertain profitability recovery.