KyeRyong Construction Q1 2026 Results: Revenue 670.7B Won, Operating Profit 40.8B Won, Dividend Payout Target 5-10%

Q1 2026 consolidated revenue: 670,714M won, operating profit: 40,792M won, net income attributable to parent: 24,657M won (EPS 2,765 won)
Standalone revenue: 488,274M won, operating profit: 48,628M won, net income: 39,129M won (EPS 4,388 won)
As of end-March 2026: total assets 3,215,038M won, liabilities 2,209,558M won, equity 1,005,480M won
Corporate bond credit rating maintained at BBB+ (Korea Ratings), unchanged for 5 years
Proposed year-end dividend for FY2025: 700 won per share; mid-term dividend payout target 5-10%; no share buyback/retirement planned
Persistent risks: strong USD, inflation, monetary tightening, rising construction costs; liquidity management reinforced
PF guarantees (consolidated): 780,451M won (related parties: 570,160M won); SOC guarantee limit: 1,861,489M won
Pending lawsuits: 89 cases as defendant (share: 85,611M won), 48 cases as plaintiff (145,452M won) → management believes no material impact
6-month business suspension order (Dec 2025~May 2026) related to Seohaean Bypass Road accident: stay of execution granted, administrative litigation ongoing (not reflected in financial statements)