Hotel Shilla Reports Operating Profit Turnaround in Q1 2026; TR Segment Returns to Profit
Consolidated Q1 2026 revenue of KRW 1,053.5 billion, operating profit of KRW 20.4 billion (turnaround from annual operating loss of KRW 5.2 billion in prior year).
Separate revenue of KRW 675.5 billion, operating profit of KRW 6.2 billion.
TR segment operating profit of KRW 11.0 billion, turning positive from annual loss of KRW 53.1 billion in prior year.
Hotel & Leisure segment operating profit of KRW 8.2 billion (down from annual KRW 60.9 billion in prior year).
Debt ratio improved to 61.69% from 62.92% at year-end 2025.
Net debt of KRW 1.79 trillion, equity of KRW 1.11 trillion.
After the reporting period, issued KRW 245 billion in public bonds (AA- rating, 2-3 year maturity) on April 22, 2026.
Cash and cash equivalents at period-end: KRW 249.9 billion.
Majority shareholder Samsung Life and related parties hold 43.56% stake.
Dividend: No dividend for 2025; medium to long-term dividend policy under review, but no share buyback plan.
Six lawsuits pending (KRW 3.7 billion), but management believes no material impact.
Carrying value of investments in associates and joint ventures is zero (equity method discontinued for Modetour and IPARK Shilla Duty Free).