Doosan Fuel Cell: Q1 Loss Narrows, Plans Treasury Share Cancellation
- Consolidated Q1 revenue KRW 144.8bn, operating loss KRW 1.3bn (sharp improvement from full-year 2025 operating loss of KRW 105.7bn)
- Net loss KRW 13.2bn (improvement from full-year 2025 net loss of KRW 132.8bn)
- Debt ratio 270.4% (up from 226.1% at end of 2025), net debt ratio 147.9% (up from 129.5%)
- Cash and cash equivalents KRW 128.6bn (doubled from KRW 64.8bn at end of 2025)
- Approved treasury share cancellation plan at 7th AGM (1,243 Class 1 preferred shares, 274 Class 2 preferred shares, to be cancelled in 2026)
- Maintains 49% cumulative market share in domestic power fuel cells (No.1)
- R&D expenditure KRW 2.1bn (1.5% of revenue)
- Subsidiary HyAxiom Motors: operating loss KRW 0.5bn, no revenue yet
- Won first trial in KRW 3bn damage lawsuit; no provision recognized
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KOSPI Filing Information
- Filing: Quarterly Report (2026.03)
- Company: Doosan Fuel Cell (336260)
- Submission: Doosan Fuel Cell Co., Ltd.
- Receipt: 05-14-2026