HwangKum Steel Q1 2026 Operating Profit Up 71.8%, Dividend KRW 3.02B Paid

Consolidated Q1 2026 revenue KRW 87.69B (YoY +20.8%), operating profit KRW 8.78B (YoY +71.8%), net income KRW 9.48B (YoY +49.5%)
Steel segment revenue KRW 59.75B, construction segment revenue KRW 28.36B; construction operating profit KRW 4.15B (vs KRW 2.32B in Q1 2025)
Consolidated EPS KRW 485 (up 49.2% from KRW 325 in Q1 2025)
FY2025 dividend of KRW 3.02B (KRW 150 per share) paid in April 2026; payout ratio 16.8%
Short-term borrowings increased to KRW 51.34B (from KRW 35.02B at year-end 2025); cash and equivalents decreased to KRW 78.57B (from KRW 87.51B)
Total assets KRW 569.5B, total equity KRW 441.6B, debt-to-equity ratio 29.0%
Credit rating maintained at A and AA- (Korea Enterprise Data)
Risks: ongoing investigation for Serious Disaster Act violation, pending lawsuit related to construction payments (contingent liabilities)