Yes24 Q1 Operating Profit Plunges but Maintains 250 Won Dividend

Consolidated Q1 revenue KRW 168.1B (YoY -7.4%), operating profit KRW 1.0B (YoY -84%), net profit attributable to parent KRW 1.5B (YoY -76%)
Cash dividend of KRW 250 per share declared (total KRW 6.2B, payout ratio 50%), up from KRW 200 last year, to be paid in April 2026
Total equity KRW 176.0B (up 2.5% from year-end 2025), reflecting KRW 12.0B OCI gain from FVOCI financial assets
Borrowings maintained at KRW 140.7B; smart logistics center investment ongoing (contract KRW 101.7B, spent KRW 91.7B)
Service disruption risk under discussion with authorities
Overseas subsidiaries (Indonesia, Vietnam) remain closed
Effective tax rate 6.25% (consolidated) / 5.24% (separate)