HiteJinro Holdings Q1: Beer segment posts loss, consolidated sales decline

Consolidated Q1 2026: Revenue KRW 590.3B, operating profit KRW 55.7B, net income KRW 29.1B (YoY revenue decline)
Key subsidiary HiteJinro’s beer segment recorded an operating loss of KRW 2.2B in Q1 (swing to loss)
Standalone: Dividend income KRW 25.1B, total revenue KRW 26.6B (holding company)
Financial covenants: Standalone debt ratio must be maintained below 500%
Litigation risk: 6 pending lawsuits totaling approximately KRW 335M (consolidated)
Contingent liabilities: Guarantees received from banks (KRW 1.6B and USD 22.5M)
Shareholder return: Cash dividends approved at the AGM (previous year; no new dividend in current quarter)
Treasury stock: KRW 79.9B for common shares (slight change)
Overseas investment: Additional capital injection of USD 29M into JINRO SOJU VIETNAM CO., LTD.