PHA Q1 2026 Results: Operating Profit Down 18.8%, Net Income Up

Consolidated Q1 2026: Revenue 305.2B KRW (+2.1% YoY), Operating profit 13.3B (-18.8%), Net income 18.3B (+20.7%)
Final dividend of 400 KRW/share maintained for FY2025; policy of ≥20% payout ratio
Pending lawsuit against FTC fine of 1.088B KRW at Seoul High Court
Net debt position: negative (cash exceeds debt by 116.4B KRW)
R&D expenditure: 7.4B KRW (4.08% of sales)
Revenue by region: Korea 65.3%, China 6.7%, Others 52.5% (before inter-segment elimination)