SEWOO Global Q1 2026: Revenue Slightly Up, Profitability Maintained, No Dividend

Q1 2026 standalone revenue KRW 8.67bn (+5.3% YoY), operating profit KRW 0.72bn, net profit KRW 1.11bn
FY2025 revenue KRW 32.7bn ( -8.9% YoY), net profit KRW 3.73bn (EPS KRW 130)
Debt ratio 10.25%, very low leverage; cash & equivalents KRW 2.49bn
No dividend or share buyback/cancellation
Key risks: demand slowdown due to EV market downturn, intensified competition in plastics
Collateral provided: headquarters and Yeongnam land/buildings (approx. KRW 10.3bn secured)
Related party transactions: sales to Seohan Hi-Tech KRW 59mn (down from KRW 296mn in prior year)
Full impairment of investments in associates (Carbon Nanotech KRW 2bn, FMC fund disposed)