MSC 2026 Q1: Sales 48.2B, OP 8.0B, Dividend 2.29B

Consolidated Q1 2026: Sales 48,175M KRW, OP 8,031M KRW, Net profit 6,712M KRW (slight sales decline YoY, net profit increase)
Shareholder return: FY2025 dividend of 2,288M KRW (130 KRW per share) decided, not yet paid
Financial position: Debt ratio 28.2% (up from 21.1% at year-end 2025), net debt 54,741M KRW
Investment plan: Yangsan 3rd plant groundbreaking, PP&E acquisition commitments 114,457M KRW
R&D expenses 1,009M KRW (2.1% of sales), 23 patents held
Derivative liabilities 14.5M KRW (currency forward contracts), FX risk management