Joong Ang Enervis: Q1 2026 Revenue Declines but Dividend Increased; Stable Financial Structure

Consolidated revenue: 112.2 billion KRW (down 10.7% YoY from 125.7 billion)
Consolidated net loss: 1.54 billion KRW (improved from loss of 2.03 billion in prior year)
Dividend per share: 353 KRW (up from 320), total dividend 1.565 billion KRW (vs 1.419 billion)
Debt ratio: 9.22% (up from 5.74% at year-end, still low)
No borrowings; ample liquidity: cash 2.4 billion, short-term financial products 4.17 billion, ELB/MMF 2.09 billion
Treasury shares: 28.8% (1,793,295 shares), no change during quarter
One pending lawsuit (187 million KRW); management expects no material impact
Maintains agency contract with SK Energy (since 1972)