SJM 2026 Q1 Net Profit Up 36% YoY on FX Gains, Operating Profit Declines

Consolidated Q1 2026 revenue KRW 53.1bn (vs KRW 53.2bn YoY, -0.2%), operating profit KRW 3.1bn (vs KRW 3.6bn, -13%) slight decline.
Net profit attributable to parent up 36% YoY to KRW 6.6bn, driven by non-operating gains including FX translation gains of KRW 4.4bn.
EPS KRW 421 (vs KRW 309 YoY, +36%).
Cash and cash equivalents at quarter-end KRW 81.5bn (vs KRW 70.2bn at year-end), strong liquidity.
Credit ratings maintained at BBB- (Korea Data) and BB+ (ECREBLE).
Paid dividend of KRW 205 per share (total KRW 3.2bn) for FY2025 in April 2026.
R&D expenditure KRW 1.0bn (1.94% of sales).
No share buyback or cancellation disclosed.
Subsidiaries: China and Morocco profitable; South Africa, Malaysia, India loss-making.