Consolidated net loss of 5.46 billion won in Q1 2026, continued sluggish construction market

Consolidated Q1 2026: revenue 68.3B won, operating loss 5.9B won, net loss 5.46B won (swung to loss YoY)
Standalone: revenue 3.15B won, operating profit 0.12B won, but pre-tax loss 0.76B won
Leisure segment (Home Spa World) achieved operating profit of 0.17B won
Most subsidiaries (ready-mix concrete, oil wholesale) posted losses
Debt ratio 145.4%, net debt increased (short-term borrowings 103.5B won, long-term 91.7B won)
Issued 5th private convertible bond of 7B won in Feb 2026 (conversion price 2,945 won)
Declared cash dividend of 10 won per share in Mar 2026 (total 1.27B won)
Designated as unfaithful disclosure entity in 2024 (3 dividend cancellations), penalty points 8.0
Two pending lawsuits (total 1.7B won)
Overall, weak performance due to construction industry downturn

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