AUSTEM Returns to Profit in Q1 2026 - Consolidated Operating Profit 2.7B, Net Income 8.4B

Consolidated revenue 34,161M (vs 24,267M YoY, +40.8%), operating profit 2,708M (swing to profit), net income 8,402M (swing to profit)
Separate revenue 26,847M (+33.6%), operating profit 1,677M (swing to profit), net income 9,133M (swing to profit)
Operating profit turnaround driven by cost efficiency and sales growth; net income boosted by non-operating income (e.g., miscellaneous income 6,314M)
Credit rating BB0 (NICE), adequate but vulnerable to economic deterioration
Cash dividend: 20 won per share for FY2025 (down from 30 won in FY2024, 50 won in FY2023)
Treasury shares: 2,910,000 shares (10.39%), additional acquisition of 3.3 billion won in equity component
Litigation: industrial accident civil suit (claim 90M won, second trial underway), provision of 85.8M won recognized
Contingent liabilities: guarantees for Chinese JVs CNY 79.24 billion (up from CNY 70.84 billion); assets pledged as collateral 550.5 billion won