Handok Clean Tech Q1 2026: Revenue & Net Profit Up, Debt-Free, Dividend Maintained

Q1 2026 consolidated revenue: 19.25bn KRW (vs 16.39bn in Q1 2025, +17.5%), operating profit 0.91bn (vs 0.85bn, +7.1%), net profit 1.07bn (vs 0.80bn, +34%)
Net profit boost due to lower effective tax rate (14.6%→4.0%)
No debt; cash & equivalents 2.54bn; net debt/equity ratio 0%
FY2025 cash dividend: 250 won per common share (total 1.93bn), unchanged from prior year
Treasury shares: 677,014 shares (8.06%), no new buyback or cancellation in Q1
Credit rating: BBB+ (이크레더블), cash flow rating A
R&D expenditure: 0.16bn (0.84% of sales), similar to Q1 2025
Ongoing land acquisition for factory expansion: total 6.6bn, expected completion 2027
No material litigation or contingent liabilities