Korea Moverex Q1 2026: Consolidated Revenue Slightly Up but Operating Profit Plunges 44%... Net Debt Ratio Improves

Consolidated Q1 2026 revenue: 442.8B won (+3% YoY), operating profit: 9.8B won (-44% YoY), net income: 8.7B won (-34% YoY), EPS: 288 won
Separate revenue: 220.8B won (-10% YoY), operating profit: 0.5B won (-96% YoY), net income: 2.6B won (-77% YoY), EPS: 86 won
Net debt ratio: 19.37% (improved from 22.48% at year-end 2025), net debt: 108.8B won
Cash and cash equivalents: 131.2B won (up from 83.1B won at year-end 2025)
2025 year-end dividend: 100 won per share, total 3.045B won, payout ratio approx. 22.6% (based on annual separate net income)
Trade receivables from Hyundai Motor Group: 68.67% of total
Contingencies: minor lawsuit dismissed, no material financial impact