HD Hyundai Marine Solution Reports Strong Q1 2026 Results and Dividend Policy

Q1 2026 consolidated revenue KRW 574.6B, operating profit KRW 93.4B, net profit KRW 98.1B (quarterly performance approximately 29% of full-year 2025)
Debt ratio 65.14% (up from 54.27% at year-end 2025), but no borrowings; cash and cash equivalents KRW 430.7B
Dividend policy: target 50-70% payout of separate net profit over next 3 years; Q1 2026 quarterly dividend record date May 11, 2026
Litigation risk: HJ Heavy Industries claim KRW 1.44B (ongoing, loss not reasonably estimable)
Slight increase in shares due to stock option exercise (2,125 shares, KRW 100M paid in)
Guarantees provided to subsidiaries: USD 21M, EUR 0.5M (drawn USD 15M, loans not utilized)
Hedging of FX and oil price risks through derivatives