LS Marine Solution Q1 2026: Revenue Up 19% YoY, Order Backlog 7.15 Trillion Won, Lawsuit Appeal Ongoing

Q1 2026 consolidated revenue 52.8 billion won (up 19% YoY), operating profit 4.2 billion won.
Net income 6.1 billion won, EPS 120 won.
Order backlog 7,153 billion won (submarine 62.7 billion, underground 652.6 billion).
Signed contract for new CLV (cable laying vessel) with Tersan for 345.8 billion won, delivery expected 2028.
Won first trial in KEPCO lawsuit (claim 6.2 billion won); plaintiff filed appeal.
Provided 140 billion won short-term loan to parent LS전선 at 3.6% for 1 year.
Foreign exchange sensitivity reduced: 10% change impacts pre-tax profit by +/- 2.6 billion won (previous quarter +/- 6.1 billion).
Total assets 768.2 billion won, equity 626.0 billion won.
Subsidiary LS Buildwin contributed 38.4 billion won revenue and 2.4 billion net income in Q1.
Exchangeable bonds of 37.7 billion won outstanding (based on treasury shares, already disposed).

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