SOLiD strengthens shareholder returns with treasury stock acquisition and dividends; Q1 consolidated operating loss but net profit from financial gains

Board resolution (March 13, 2026) to enter into a treasury stock acquisition trust agreement, in line with the existing shareholder return policy (return 15%±5% of consolidated net income, cancel at least 50% of acquired shares)
Consolidated Q1 2026 (Jan-Mar): revenue KRW 63.7B, operating loss KRW 2.1B (swing to loss), net profit KRW 22.2B (decreased from KRW 36.4B in full year 2025, but includes KRW 6.5B gain on financial assets)
New subsidiary Darwin Friction (railway/aviation friction materials) consolidated (stake 50.001%, acquisition cost KRW 11.46B), diversifying business portfolio
Total borrowings increased to KRW 126.7B (from KRW 99.0B at end-2025), net debt KRW 27.8B (from KRW 8.9B), capital ratio 6.89% (from 2.47%), indicating higher leverage
Final dividend for FY2025 decided (payout ratio around 15% of consolidated net income), with record date set and articles amended for dividend procedure improvement

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