Korea Lines Q1 2026: Ops Profit, Net Income Surge; Revenue Down

Consolidated Q1 2026: Revenue KRW 277.8B (down 16% YoY), Operating Profit KRW 74.4B (+16.5%), Net Attributable Profit KRW 174.3B (+195%)
Segment Ops Profit: LNG KRW 41.5B, Bulk KRW 26.7B, Tanker KRW 5.8B; Mining & Construction losses
Financial Position: Assets KRW 4.34T, Liabilities KRW 1.74T, Equity KRW 2.60T (D/E 66.7%)
Includes derivatives gain of KRW 3.9B (freight futures)
Litigation: overseas cargo claims ~USD 28.7M (insured), domestic claims KRW 0.57B
Various contingent liabilities (guarantees, standby commitments) pledged against vessels