Hantop Swings to Operating Loss in Q1 2026, Debt Ratio Rises

Consolidated Q1 2026: revenue 19.78B won (vs 20.27B, -2.4%), operating loss 0.89B (vs profit 0.68B), net loss 2.76B (vs profit 0.58B)
Separate Q1 2026: revenue 17.41B (vs 17.71B, -1.7%), operating loss 0.80B (vs profit 1.00B), net loss 2.65B (vs profit 1.03B)
Consolidated debt ratio 196.74% (up from 192.29% at year-end), separate 209.71% (up from 203.71%)
Consolidated net borrowing ratio 140.70% (up from 134.10%)
Indicted in Feb 2026 for flour price collusion (outcome uncertain)
No share buyback/cancellation or dividend plans