SGC Energy 1Q26: Op Profit 35.7B Won, Dividend 1,300 Won (↓), Debt Ratio Up

Dividend: 2026 AGM resolved to pay 1,300 won per share (down 23.5% from 1,700 won last year)
Financial Performance: Consolidated Q1 revenue 611.5B won, operating profit 35.7B won, net profit 6.2B won (swing to profit vs full-year loss in 2025)
Financial Health: Separate debt ratio 139.2% (up from 134.0% at year-end 2025); SGC E&C debt ratio 325% (up from 311%)
Risk: Construction subsidiary's business suspension order is temporarily stayed, but credit rating downgrade could trigger acceleration of borrowings
Contingent Liabilities: Real estate PF loan guarantees of 330.7B won; 34 lawsuits against key subsidiaries (claim amount 32B won)
New Business: Established 2 new entities for data center business; approved issuance of 10B won corporate bonds to refinance CP