Hyundai Movex Reports Q1 2026 Consolidated Operating Loss, Increased Borrowings for Business Expansion
Q1 2026 consolidated revenue KRW 74.96bn (down 3.5% YoY), operating loss KRW 0.64bn (vs profit KRW 5.18bn), net loss KRW 0.18bn (vs profit KRW 0.99bn). EPS loss KRW 1.6.
Inclusion of four new subsidiaries (72.73% stake in Hyundai Investment Partners Smart No.3 etc.) increased tangible assets by KRW 45.1bn and borrowings by KRW 39bn. Debt-to-equity ratio 104.3% (FY2025-end: 76.8%).
Consolidated order backlog of KRW 367.4bn. Major projects (Hankook Tire, Orion, Sydney Metro) progressing smoothly.
Credit rating maintained at AA0 (NICE D&B). R&D expenses KRW 1.62bn (2.17% of revenue).
FY2025 year-end dividend planned (dividend payable KRW 5.5bn). Holds 1.1% treasury shares; potential disposal or cancellation under review.