Nongshim Holdings Q1 2026: Sales & Profit Growth, Dividend Increase

Consolidated revenue 265.4B KRW (+38.9% YoY), operating profit 30.9B KRW (+22.3%), net profit 27.2B KRW (+16.3%)
Holding company dividend income 27.1B KRW (+24.3%), driven by increased dividends from Nongshim and Youlchon Chemical
DPS increased to 3,000 won (from 2,500 won), payout ratio maintained above 50%
Leading market share in ramen (56.2%) and snacks (32.3%)
Debt ratio 30.3% (vs 26.3% at end-2025), sound financial position
Risks from raw material price hikes (Middle East conflict, FX), leisure segment still loss-making (-1.3B KRW)
Acquisition of Sewoo in Aug 2025 strengthens sauce business and vertical integration