KOGAS: 2026 Q1 Consolidated Operating Profit KRW 910 Billion...Sharp YoY Increase, Credit Rating AAA Maintained

2026 Q1 consolidated revenue KRW 11.8T, operating profit KRW 910B, net income KRW 548.3B (improvement vs. FY2025 annual OP of KRW 2.1T)
Credit ratings: Domestic AAA (corporate bonds), Overseas Aa2/AA/AA- (Moody's/S&P/Fitch, all stable)
Dividends: Determined by government dividend council under State Property Act; dividends paid in recent 3 years (FY2024 and FY2025)
Debt ratio 372% (consolidated), high but manageable for a public utility
Major litigation: 38 cases as defendant (KRW 651.6B), 32 cases as plaintiff (KRW 459B); provisions set for some (indemnity KRW 512.6B, damages etc.)
Contingent liabilities: Large overseas project guarantees (CAD 1.22B for LNG Canada, etc.), supplier finance arrangements KRW 3.5T
LNG Canada project began commercial production in June 2025; Australia GLNG producing steadily
New businesses: hydrogen, LNG bunkering; Dangjin hydrogen plant scheduled for completion in H2 2026