Harim Holdings 2026 Q1 Strong Earnings: Revenue +10.9%, OP +17.4% YoY, Dividend 120 Won Approved

Consolidated revenue in Q1 2026: KRW 3.554 trillion (up 10.9% YoY), operating profit KRW 258.3 billion (up 17.4%), net profit attributable to parent KRW 71.9 billion.
Debt-to-equity ratio 167.24%, total borrowings KRW 4.580 trillion, net debt KRW 3.526 trillion.
Separate net profit KRW 87.2 billion, cash dividend of KRW 120 per share approved (FY2025).
Shipping segment (Pan Ocean) operating profit KRW 140.9 billion, up 24% YoY due to higher freight rates.
Feed & livestock segment OP KRW 74.9 billion; food segment turned to black with OP KRW 0.8 billion.
Major subsidiaries (Harim, Sunjin, Farmsco, etc.) showed robust performance.
Secured mid-to-long-term growth drivers: ESG management, environmental compliance, vessel investments.
Multiple FTC penalty lawsuits ongoing but most penalties already paid.