KSP Reports Quarterly Revenue and Profit Growth (Positive) amid Shipbuilding Uncertainty


  • Consolidated Q1 2026 revenue of 25.0 billion won (+15% YoY from 21.7 billion), operating profit of 4.0 billion (+43% YoY), net income of 2.5 billion (+23% YoY)
  • Basic/diluted EPS of 62 won each (vs 51 won in Q1 2025)
  • Total equity 84.8 billion won, debt ratio 76.1% (up from 73.3% at end of 2025)
  • Remaining balance of 200 billion won zero-coupon convertible bonds (conversion price 6,830 won) issued in Sep 2025: 10.8 billion won
  • Standalone Q1 2026 revenue 23.4 billion won (+15% YoY), operating profit 3.9 billion (+41% YoY)
  • No share buyback, cancellation, or interim dividend announced
  • Forward industry risk from 46.9% YoY decline in new ship orders, but company maintains dominant position in low-speed exhaust valve market
  • Credit rating BBB (stable) reaffirmed

KOSDAQ Filing Information


  • Filing: Quarterly Report (2026.03)
  • Company: KSPCO (073010)
  • Submission: KSPCO.,LTD
  • Receipt: 05-13-2026