DAEHO AL 2026 Q1: Revenue Growth but Net Loss, Deteriorating Financial Health

Cons. revenue 64.4B KRW (+25.7% YoY), operating profit 1.7B KRW (swing to black)
Separate revenue 58.6B KRW (+12.6% YoY), operating profit 1.4B KRW
Cons. net loss 7.6B KRW (vs profit 4.1B KRW in prior year), investment loss 9.0B KRW
Debt ratio 100.5%, net debt ratio 70.5% (cons.)
Cash 6.2B KRW (down 69% from year-end 20.2B KRW)
Convertible bonds outstanding 12.7B KRW (19th: 5B, 21st: 10B), risk of downward conversion price
Credit rating BBB0 (NICE), valid until 2026.06.30
Stock split decision (Mar 16, 2026 board), ongoing shareholder lawsuits

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