Hanil Feed: Q1 2026 Consolidated Operating Profit Surges 250%, 75 Won Dividend Paid

Consolidated revenue 125.5B KRW (+15.8% YoY), operating profit 1.5B (+250%), net profit 1.8B (+158%)
Separate revenue 38.4B (+3%), operating profit 0.5B (-30%) due to feed cost pressure
Paid cash dividend of ~3.0B KRW (75 won per share) in Q1 2026
Secured feed supply contract with Seoul Milk Cooperative until 2029 (864K tons), ensuring stable revenue
Exposed to FX and commodity price risks: foreign currency liabilities 142.2B, volatility in raw materials
Prior period error correction increased retained earnings by 3.85B (deferred tax liability overstatement)
No share buyback or cancellation plans