Q1 2026 consolidated operating profit 34.4 billion KRW, new business investment and withdrawal of steel cord sale

Q1 2026 consolidated revenue KRW 829,031 million, operating profit KRW 34,409 million, net profit attributable to controlling interest KRW 6,876 million, turning from a net loss of KRW 21,639 million in FY2025.
Entered silicon anode materials business: acquired 80% stake in Extra Mile Materials BV for EUR 120 million (approx. KRW 200 billion), with EUR 60 million converted to equity in Q1.
Withdrawn from steel cord business sale: terminated exclusive negotiation with Bain Capital, no further sale process planned.
Corrected quarterly report: supplemented missing notes on related party transactions.
R&D expenditure KRW 9,312 million (1.12% of revenue), 27 patents commercialized.
Total liabilities KRW 3,264,998 million, total equity KRW 914,646 million (debt ratio 357%).
Major shareholder: HS Hyosung (29.72%), related party Cho Hyun-sang (22.53%), etc.
Auditor changed from Samil (PwC) to Han Young (designated by financial authorities).

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