SeAH Steel Q1 2026: Consolidated net profit 21.0 bn won, credit rating A+, US tariff uncertainty

Consolidated revenue 448.6 bn won, operating profit 24.1 bn won, net profit 21.0 bn won (EPS 7,402 won)
Separate revenue 415.9 bn won, operating profit 23.2 bn won, net profit 20.7 bn won (EPS 7,294 won)
Maintained corporate bond credit rating A+ (NICE, KIS)
Order backlog of 99.3 bn won (natural gas pipeline), Qatar LNG project completed
Additional RCPS investment in SeAH Wind Ltd. (approx. 36.8 bn won, cumulative ~1.85 trillion won)
Cash dividend of 5,500 won per share for FY2025 approved (payout ratio approx. 51%)
US Section 232 50% steel tariff creates estimation uncertainty; financial impact not currently quantifiable
US lawsuit settled in March 2026 (confidential settlement amount)
No share buyback or cancellation disclosed