Taeyang: Q1 2026 Consolidated Net Income Up 253% YoY to 8.6B Won, Dividend 400 Won Per Share
Q1 2026 consolidated revenue 36.8B won, operating profit 2.5B won, net income 8.6B won (vs 2.4B won in Q1 2025, +253% YoY). Net income includes one-time gain of 1.5B won from sale of Qingdao Seoan stake.
Separate revenue 36.7B won, operating profit 2.5B won, net income 5.8B won, EPS 735 won.
Declared and paid cash dividend of 400 won per share (total 3.2B won) for FY2025.
Holds 638,969 treasury shares; no plans for additional buyback or cancellation.
Completed sale of entire stake in Qingdao Seoan Packaging (received ~4.2B won cash, recognized gain of 1.5B won).
Litigation risks: 3 consumer damage lawsuits overseas, 2 shareholder derivative lawsuits in Korea (provision of 0.5B won).
Debt ratio 17.7%, net debt ratio 14.8%; sound financial position.
Key raw material prices (gas, steel plate) stable; capacity utilization 89%.