Hansol Paper Q1 2026: Profits Plunge, Debt Ratio Rises, but Dividend Policy and Credit Ratings Maintained

Consolidated Q1 2026 sales 559.8B KRW (down 2.7% YoY), operating profit 11.2B KRW (down 44.7%), net profit (controlling) 3.4B KRW (down 49%)
Separate sales 531.6B KRW (down 6.3%), operating profit 16.7B KRW (down 42.7%), net profit 7.9B KRW (down 43.5%)
Net debt to total capital ratio 55.08% (up from 53.16% at year-end 2025, increased leverage)
Credit ratings stable: corporate bonds A, CP A2
Dividend policy: planned shareholder returns (cash dividends and share buybacks/cancellation) at 25-35% of consolidated net income
Major litigation: contingent liabilities of 4 cases including a counterclaim of 23.1B KRW from Eomhaman; 3 cases as defendant
US anti-dumping: 3rd annual review preliminary 0% margin (positive); Indonesia anti-dumping margin 4.04% notified
Serious accident at Hansol Paper Sintanjin plant (1 fatality in July 2025)