Sebang Battery Q1 2026: Operating Profit Down 34%, Dividend Up 140% and Share Buyback Boost Shareholder Returns
Consolidated revenue fell 0.3% YoY to KRW 525.4 billion
Consolidated operating profit plunged 34.2% YoY to KRW 33.3 billion (lead-acid segment: 39.4B→33.3B; EV battery segment: loss widened from -1.9B to -6.2B)
Net profit attributable to parent at KRW 36.7 billion (consolidated net profit: KRW 36.3 billion)
Cancelled 140,000 treasury shares on Jan 9, 2026, reducing total issued shares to 13,860,000
Annual dividend raised 140% to KRW 2,650 per share (FY2025), targeting 25% payout ratio
Net cash position of KRW 42 billion (cash KRW 296.3B > borrowings KRW 254.2B)
EV battery segment operating loss expanded to KRW 6.2 billion (from KRW 1.9 billion loss YoY)
R&D expenditure of KRW 3.2 billion (0.61% of sales); 8 new patents commercialized
Guarantees for subsidiaries total KRW 191 billion (KRW 167 billion executed)
Domestic lead-acid battery market share slipped to 38.6% in 2025 (from 39.6% in 2024)