KRC Q1 Consolidated Net Loss 0.56B Won, Loss Narrows... Construction Improves

Q1 2026 consolidated revenue 88.4B won (down 15% YoY), operating loss 0.31B won (vs loss 1.39B won), net loss 0.56B won (vs loss 0.97B won)
Refractories segment operating profit 0.69B won (swung to profit), Construction segment operating loss 1.0B won (vs loss 1.28B won)
Fair value gain on FVTOCI financial assets 6.04B won, leading OCI reserve to 3.67B won (from -1.2B won at year-end)
Consolidated borrowings 32.0B won unchanged, cash 12.0B won (down from 21.8B won), adjusted debt ratio 52.5% (from 45.6%)
Subsidiary Ilgwang E&C involved in lawsuit of 20.6B won related to Hapcheon project
R&D expense 1.03B won (1.17% of sales), loss per share 14 won (vs 27 won), no dividend for FY2025

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