HPSP Reports Q1 2026 Results, Cancels 1.7M Treasury Shares

Q1 2026 revenue: KRW 31.9B (down 13.4% YoY), operating profit: KRW 16.1B, net income: KRW 24.9B (up 63.6% YoY)
Basic EPS: KRW 306, diluted EPS: KRW 305 (vs. KRW 189/187 in Q1 2025)
Canceled 1,699,120 treasury shares on March 13, 2026 to enhance shareholder value
Debt ratio: 34% (up from 20% at year-end 2025), cash and equivalents: KRW 14.0B (down from KRW 30.8B)
6 patent lawsuits pending; management expects no material financial impact
Largest shareholder: Hit2025 Holdings Co., Ltd. (20.46% stake)
Reclassified as a mid-sized company effective April 1, 2026