Hyundai Motor Securities Q1 net profit +37.9%, NCR 564%, dividend payout target 30-35%

Consolidated net profit of KRW 26.6bn in Q1 2026, up 37.9% YoY (pre-tax +32.3%)
Net fee income KRW 71.2bn, net interest income KRW 30.2bn, trading loss KRW 16.3bn
Net Capital Ratio (NCR) 564.55%, well above regulatory requirement
Asset-to-liability ratio 113.26% (standalone)
Dividend policy: 30-35% payout target for 2025-2027, over 40% from 2028
Complete cancellation of 7,042,728 redeemable convertible preferred shares in March 2025 (no capital reduction)
Major lawsuits: 4 as defendant (approx. KRW 28.2bn), 4 as plaintiff (approx. KRW 72.6bn) pending
Financial transactions with Hyundai Motor Group affiliates: KRW 99.5bn (trust, pension, etc.)