Taewoong Logistics: Q1 2026 Consolidated Net Profit Turns Positive, Share Cancellation and Dividend Policy Maintained
Q1 2026 consolidated revenue: 276.6 billion won, operating profit 0.55 billion won (margin 0.2%), net profit attributable to parent 1.35 billion won (down from 2.34 billion won in Q1 2025, but turned positive from full-year 2025 net loss of 5.38 billion won)
Credit rating downgraded from BBB+ to BBB0 (2026.03.03, by NICE D&B)
Share cancellation: 2,306,565 redeemable convertible preferred shares cancelled in February 2026 (including 1,500,100 common shares and 2,570,833 preferred shares cancelled in prior period)
Dividend: Maintains minimum dividend of 100 won per share for 3 years (announced Feb 2025), paid 100+ won for 2 consecutive years