SeAH Steel Holdings Q1 2026: Net Loss for Parent, Offshore Wind Investment Continues


  • Consolidated Q1 2026 sales: 991.9 billion KRW, operating profit: 26.7 billion KRW (sales up, operating margin 2.7%)
  • Net loss attributable to parent: -4.0 billion KRW (vs. full-year net profit of 63.3 billion KRW in 2025; SeAH Wind loss of 38.8 billion KRW)
  • FY2025 cash dividend: 1,800 KRW per share for general shareholders, 1,500 for major shareholders (target payout ratio >30%)
  • Additional equity investment of 68.5 billion KRW in offshore wind subsidiary SeAH Wind Ltd.; total guarantees provided: 481.5 billion KRW
  • Consolidated debt-to-equity ratio: 128.5% (up from 121.2% at end of 2025); contingent liabilities of 2.3 trillion KRW (including SeAH Wind debt guarantees)
  • Steel pipe market share: 19.1% (up from 13.2% in 2025), plate market share: 11.3% (slight decline)

KOSPI Filing Information


  • Filing: Quarterly Report (2026.03)
  • Company: SeAH Steel Holdings (003030)
  • Submission: SeAH Steel Holdings Corporation
  • Receipt: 05-15-2026