KBI Dongkook: Quarterly revenue up but consolidated operating loss; credit rating upgraded and stock merger approved

Consolidated revenue for 1Q 2026: KRW 204.7 billion, up 8.9% YoY (separate: KRW 118.8 billion).
Consolidated operating loss of KRW 1.2 billion (separate operating profit of KRW 2.0 billion). Consolidated net income of KRW 5.2 billion (separate: KRW 9.2 billion).
Credit rating upgraded to BB+ (NICE, Apr 2026).
Debt-to-equity ratio 220.81% (year-end 221.58%), still high.
Stock merger approved: 5 common shares → 1 share (face value from KRW 500 to KRW 2,500), with fractional shares to be canceled.
Key subsidiaries: European (KDK Automotive) and Mexican entities continue to post losses.
No share buyback or additional dividend plans during the period.

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