Gyeongnam Steel: Q1 2026 Revenue and Net Profit Up, Dividend Maintained


  • Q1 2026 revenue ₩95.6B (up 3.2% YoY), operating profit ₩1.41B (down 4.9% YoY), net profit ₩1.27B (up 26.4% YoY).
  • Debt-to-equity ratio rose to 30.56% (from 20.63% at FY2025 year-end); short-term borrowings increased (₩7.2B→₩9.6B); cash equivalents decreased (₩14.0B→₩7.3B).
  • Maintained cash dividend of ₩120 per share (total ₩3.24B); average dividend yield over last 3 years: 3.43%.
  • Trade receivables rose to ₩71.6B (from ₩55.8B); allowance for expected credit losses fell to ₩2.4B (from ₩5.3B), indicating improved credit risk management.
  • Stable domestic sales centered on automotive and home appliances; as a POSCO processing center, all major raw materials are supplied by POSCO.

KOSDAQ Filing Information


  • Filing: Quarterly Report (2026.03)
  • Company: Kyeong Nam Steel (039240)
  • Submission: Kyeong Nam Steel Co., LTD
  • Receipt: 05-15-2026