TCC Steel Reports Q1 2026 Consolidated Operating Loss of KRW 3.98B, Net Loss of KRW 1.54B

Consolidated revenue KRW 174.7B (+12.2% YoY), operating loss KRW 3.98B (vs profit of KRW 1.82B), net loss KRW 1.54B (vs profit of KRW 0.096B)
Separate revenue KRW 118.6B (+7.4%), operating loss KRW 3.06B (vs profit of KRW 1.57B), net loss KRW 3.74B (vs loss of KRW 1.35B, widening)
Debt ratio 132.7% (consolidated) and net debt ratio 88.0%, financial leverage increased
Inventory KRW 85.9B, down 19% from year-end; trade receivables up to KRW 124.1B
Convertible bonds KRW 50B (conversion price KRW 38,500) outstanding; derivative valuation loss of KRW 0.79B
FY2025 cash dividend of KRW 1.83B (KRW 70 per share) paid in April 2026
US steel tariff hike to 50% leads to export strategy adjustment; equity income from Ohio Coatings of KRW 2.96B recorded

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