KD Chem: Revenue up in Q1 2026, but net profit down; maintains dividend of 500 won per share

Q1 2026 consolidated revenue: KRW 16.26B (up 8% YoY from KRW 15.04B), operating profit KRW 1.98B
Net profit attributable to parent: KRW 0.93B (down 41% YoY from KRW 1.57B), due to fair value loss of KRW 0.90B and equity method loss of KRW 0.37B
Basic EPS: KRW 249 (vs KRW 420 in Q1 2025)
FY2025 year-end dividend of KRW 500 per share (total KRW 1.87B) paid in April 2026
Debt ratio: 35.5% (up from 24.8% at end of 2025), net cash position of KRW 20.92B (cash & equivalents KRW 48.92B, borrowings KRW 28.0B)
Related party loans outstanding: KRW 16.79B; payment guarantee provided to JK Materials of KRW 3.3B
R&D expenses: KRW 0.21B (1.31% of revenue)
Auditor changed to Samil PwC (designated by FSS)