Baiksan Co., Ltd. Reports Strong Q1 2026 Results and Enhances Shareholder Return through Share Cancellation

Consolidated revenue KRW 130.1B, operating profit KRW 12.7B, net profit attributable to parent KRW 13.0B (separate revenue KRW 80.1B, operating profit KRW 12.2B, net profit KRW 23.7B)
Share cancellation: canceled 248,714 treasury shares (approx. KRW 3.25B) to enhance shareholder value
Paid final dividend of KRW 61.3B (KRW 300 per share) for prior year
Consolidated EPS KRW 638 (diluted KRW 637), separate EPS KRW 1,160 (diluted KRW 1,159)
Total assets KRW 459.4B, liabilities KRW 193.1B, equity KRW 266.3B, cash and equivalents KRW 57.6B
Total borrowings KRW 104.8B, consolidated debt-to-equity ratio 72.5%
Key subsidiary PT BAIKSAN INDONESIA reported quarterly net loss of KRW 1.1B; BSR research has negative equity
Strong synthetic leather segment with over 80% sales to global brands like NIKE and ADIDAS