UIL Q1 2026 Earnings Decline; Self-Share Cancellation and Dividend Maintained

Consolidated Q1 2026 revenue KRW 105.4B, down 8.7% from KRW 115.5B in Q1 2025
Consolidated operating profit KRW 6.1B, plummeting 44.5% from KRW 11.0B in Q1 2025
Consolidated net profit attributable to controlling interests KRW 6.89B, down 7.1% from KRW 7.42B; basic EPS KRW 226 (vs KRW 235)
Board resolved on March 18, 2026 to cancel 1,404,779 treasury shares for retirement
Final dividend for FY2025 confirmed at KRW 300 per share (total KRW 9.38B), paid on April 15, 2026
BBB credit rating maintained (ICREDITABLE; debt repayment capacity satisfactory but susceptible to economic changes)
Short-term borrowings unchanged at KRW 9.0B; cash equivalents KRW 69.8B (decrease from KRW 82.0B at year-end 2025)
Major customer A (Samsung Electronics) sales portion 47% (down from 51% in Q1 2025); new customer B 22%
Consolidated inventories KRW 16.1B, down 47.2% from KRW 30.5B (valuation allowance KRW 27.6B)
Indian subsidiary UIL Electronics India recorded net loss of KRW 2.5B in Q1, accumulated deficit continues