Seohan Keeps Operating Profit in Q1 2026 but Swings to Net Loss

Consolidated Q1 2026 revenue: 105.3B KRW, operating profit: 6.2B KRW (quarterly vs annual 62.6B in FY2025)
Net loss: 0.86B KRW (consolidated), 0.79B KRW (separate); EPS: -9 KRW (consolidated)
Debt ratio: 136.65% (up from 129.05% at FY2025 end)
Credit rating maintained at AA- (stable) by NICE D&B
Cash dividend of 50 KRW per share declared for FY2025 (total 4.94B KRW)
Holding 2M treasury shares (1.98%), to be used for RSU grants
Contingent liabilities: lawsuits with claims of 12.6B KRW, provision 2.1B KRW
PF guarantees: 28B KRW credit enhancement; BTL fund commitment up to 187.2B KRW (out of total 1.291T KRW)
Equity method applied to associates; subsidiary Metheus Anseong Dangmok recorded loss of 23.8M KRW