Korea District Heating Corp Q1 2026 Strong Earnings, AAA Credit Rating Maintained

Q1 2026 consolidated revenue KRW 1.43 trillion, operating profit KRW 320.2 billion, net income KRW 216.3 billion (EPS KRW 18,475)
Credit ratings maintained: Moody's Aa3, corporate bond AAA, CP/electronic short-term bond A1
Debt-to-equity ratio 234.3% (including hybrid securities), sound liquidity and financial structure
Litigation: claiming KRW 46.7 billion damages from Naju city; sued by Lotte Construction (KRW 27.9 billion) and Nambu Power (KRW 19.6 billion)
New investments: Suwon CHP upgrade KRW 262.2 billion, Goyang Changneung district energy KRW 195.9 billion in progress