SM Life Design Group: Strong Q1 2026 Results and Treasury Share Cancellation

Consolidated Q1 2026 revenue KRW 9.69B (+34% YoY), operating profit KRW 0.70B (+3% YoY), net profit KRW 0.84B (+6% YoY)
Separate: revenue KRW 9.55B, operating profit KRW 0.72B, net profit KRW 0.89B
Net debt zero (borrowings KRW 0.35B vs cash+short-term investments KRW 22B)
Debt ratio 4%, current ratio 1043% – very stable financial structure
Post-period event (Apr 13): Board resolved to cancel treasury shares with book value KRW 0.899B (part of shareholder return policy)
Mid-term shareholder return policy: target 20% of consolidated net profit via cash dividends and/or treasury share acquisition/cancellation
Subsidiary Moa L&B International (wine distribution) remains in capital deficit (-KRW 2.09B) with net loss of KRW 0.05B in the quarter
Related-party sales (SM Entertainment, etc.) account for 96% of total revenue