Seobu T&D: Q1 2026 Consolidated Revenue KRW 66.0B, Operating Profit KRW 17.8B; Continued Share Cancellation

Consolidated Q1 2026 revenue KRW 66.09B, operating profit KRW 17.79B, controlling net income KRW 3.93B (EPS KRW 62).
Debt ratio 135.0% (slight increase from 134.7% at year-end 2025).
Hotel business revenue KRW 38.75B (58.6%), tableware (Corelle) KRW 17.74B (26.9%) showing strong new business.
Completed cancellation of 2.5M shares (2024-2025) via retained earnings; further cancellation under review.
Subsidiary Shinhan Seobu T&D No.2 REIT completed sale of investment property (April 2026).
Litigation: Daewoo Construction KRW 44.5B claim settled in first instance; Macserve lawsuit withdrawn.
No material contingent liabilities or restatement issues.

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