Pungguk Ethanol Q1 2026: Revenue and Profit Down, Dividend Up (200 Won)
Consolidated revenue: 37.6 billion won (down 7.4% YoY), operating profit 3.0 billion won (down 24.6% YoY), net income attributable to parent 2.2 billion won (down 27.7% YoY)
EPS: 173 won (vs. 240 won in Q1 2025)
FY2025 dividend: 200 won per share (vs. 160 won previous), total 2.52 billion won (25 consecutive years of dividends)
Total assets: 230.1 billion won, liabilities 31.4 billion won, equity 198.8 billion won (debt-to-equity 15.8%)
Key changes: New CEO Seong Choon-tae appointed; added waste recycling and basic organic chemical manufacturing to business purpose
Hydrogen gas segment contributes 42% of revenue; signed 15-year pipeline transport contract for S-Oil Shaheen project
Financial guarantee of 4.56 billion won for Seondo Chemical (related party)