★★★★

SK Square

SK Square Q1 Net Profit 8.4T Won...SK Hynix Strong Earnings & Enhanced Shareholder Return


  • SK Square consolidated Q1 (Jan-Mar 2026): Revenue 300.3B won, Operating profit 8.28T won, Controlling net profit 8.38T won (YoY -13%, +401%, +419%)
  • Operating profit surge driven by SK Hynix equity method gain of 8.31T won (SK Hynix Q1 revenue 52.6T, operating profit 37.6T, record high)
  • SK Square standalone operating profit 257.9B (+44% YoY), investment segment strong
  • Subsidiaries: 11st losses 7.8B (narrowed), T Map Mobility losses 10.3B, SK Planet losses 0.8B, ONE Store losses 2.8B, FSK L&S profit 2.1B
  • Debt ratio 7.5% (vs 9.0% at year-end), very sound financial structure
  • Shareholder return policy announced: '26-'28: >30% of ordinary dividend income + portion of investment performance via share buyback and cancellation or cash dividend
  • 2026 shareholder return plan of 310B won: share buyback 110B (staggered), cash dividend 200B
  • During quarter, SK Hynix stake increased from 20.1% to 20.5% (due to treasury share cancellation)
  • Major litigation: 11st 13 cases (56.6B), T Map 12 cases (approx 6.7B), ONE Store 1 case (0.5B) as contingent liabilities
  • During quarter, lost control of Incross and Mindnote, excluded from consolidation

KOSPI Filing Information


  • Filing: Quarterly Report (2026.03)
  • Company: SK Square (402340)
  • Submission: SK Square Co., Ltd.
  • Receipt: 05-14-2026