Korea Ratings: 1Q Net Profit Up, Plans Treasury Stock Cancellation

Consolidated 1Q revenue KRW 226.8B (+2.8% YoY), operating profit KRW 47.1B (-1.4%), net profit KRW 47.0B (+9.3%)
Separate 1Q revenue KRW 139.1B (-2.9%), operating profit KRW 40.2B (-3.2%), net profit KRW 109.2B (-34.6% due to lower subsidiary dividend)
Consolidated controlling net profit KRW 44.7B (+8.6%), EPS KRW 1,001 (+8.6%)
1Q dividend declared KRW 39.0B (consolidated, vs KRW 23.8B in prior year) → increased shareholder return
Plans to cancel all 79,643 treasury shares (0.5%) by Sep 5, 2027 → expected per-share value increase
Debt ratio increased to 69.1% (consolidated) but temporary due to dividend payable
Subsidiary eCredible fined and warned in 2025 (already resolved)
Maintains 33.8% credit rating market share; expanding into ESG and green bond evaluation