HD Hyundai Energy Solutions Q1 2026: Operating Profit KRW 29bn Swing to Profit, Debt Ratio 31.4%

Q1 2026 consolidated revenue KRW 159.9bn, operating profit KRW 29.0bn (swing to profit from loss in Q1 2025), net profit KRW 22.3bn
Debt ratio 31.4% (slight increase from 27.0% at year-end 2025); net debt ratio negative due to cash holdings of KRW 184.2bn
Interest coverage ratio 398.9x, indicating very sound financial health
Domestic market share: solar module 34.2%, inverter 61.7% (No.1)
Dividend policy: target payout ratio of 30%+ on separate net income; no dividend announcement for this quarter
Contingent liability: one ongoing arbitration case (claim: CNY 69.6mn, USD 0.4mn, EUR 0.5mn); financial impact not estimable
No share buyback, cancellation, or other shareholder return actions