HuM&C: Credit Rating Upgraded to AA-, Operating Profit Surges 60%... Initiates First Dividend

Credit rating upgraded by Korea Rating Data from A- to AA- (2026.04.21)
Q1 2026 consolidated revenue KRW 14.5bn (+15.8% YoY), operating profit KRW 0.82bn (+60.7%)
First cash dividend resolved for FY2025 (board approval); also approved share buyback/disposal plan
Vietnamese subsidiary HuM&C Vina reduced net loss to KRW 0.16bn in Q1 (vs. prior year losses)
Short-term borrowings remain at KRW 11bn; net debt-to-capital ratio 15.33% (vs. 5.37% at end-2025)
Contingent liabilities (e.g., return provisions) at KRW 0.29bn; rehabilitation debt balance negligible at KRW 10.2mn