ILJIN Electric Reports Strong Q1 2026: Revenue and Operating Profit Surge, Order Backlog Reaches 1.76 Trillion Won

Consolidated Q1 2026 revenue 506.1B KRW (+10.6% YoY), operating profit 50.8B KRW (+49.1%), net profit 35.9B KRW
Order backlog 1.76T KRW (74% overseas), heavy electric backlog jumps to 1.23T KRW
Hongseong transformer plant 2 started operation (Oct 2024), expanding capacity for high-value ultra-high-voltage transformers
New eco-friendly products developed: plant oil/synthetic oil transformers, 345kV variable shunt reactor
Credit rating A- (stable) maintained by NICE
Cash dividend approved at 18th AGM (amount undisclosed)
No share buyback or cancellation plan (holds 8,121 treasury shares)
Ongoing criminal litigation with KEPCO regarding 170kV GIS bid-rigging; claim amounts 2B KRW and fine 1.05B KRW