SPG 2026 Q1 Consolidated Operating Profit 4.49B KRW (+9.7%), Credit Rating BBB- Maintained

Consolidated sales 80.8B KRW (YoY -13.4%), operating profit 4.49B KRW (+9.7%), net income 3.46B KRW (+31.5%)
Separate sales 54.9B KRW, operating profit 2.91B KRW, net income 2.91B KRW
Credit rating BBB- maintained (Korea Ratings)
35th term cash dividend of 150 KRW per share (total 3.33B KRW)
Invested 591M KRW in associate Smart Cara; recognized 729M KRW impairment loss at prior year-end
Total liabilities 180.9B KRW, total equity 267.0B KRW (debt ratio 67.8%)
R&D expenses 2.12B KRW (1.83% of sales)
4 subsidiaries (USA, China 2, Vietnam), all 100% owned