LS Networks Reports Q1 2026 Net Profit Turnaround

Consolidated Q1 2026 revenue KRW 1.7tn, operating profit KRW 43.3bn, net profit KRW 26.4bn (vs. full-year net loss of KRW 19.1bn in 2025)
Asset management (securities) segment drove performance (96.8% of revenue); brand segment remained loss-making
Consolidated debt-to-equity ratio 1,094% (including LS Securities), but standalone ratio was 97% (stable)
LS Securities' net capital ratio 784%, well above regulatory minimum
Major contingencies: 13 ABCP-related lawsuits ongoing (partial wins at lower courts), wood pellet contract risk
No dividends paid for the past 5 years; no shareholder return policy
Credit rating maintained at BBB+ (stable)