Sajo Seafood: Q1 2026 Revenue Up, But Operating Profit Down; Leverage Increases

Q1 2026 standalone revenue: 56.7bn KRW (+19.6% YoY), operating profit 3.4bn (-15.2%), net profit 3.2bn (-27.5%)
Consolidated revenue: 67.7bn (+42.8%), operating profit 2.6bn (-36.3%), net profit 2.2bn (-47.5%)
Other comprehensive loss of 9.4bn on FVOCI financial assets, leading to consolidated total comprehensive loss of 6.0bn
Total liabilities 235.2bn (up 27.3% from year-end 2025), short-term borrowings 142.6bn (increase of 46bn)
Credit rating upgraded to A- (March 2026) from BBB+ in the previous year
Subsidiary Sajo Fresh Meat (livestock processing) boosted consolidated revenue but incurred a net loss of 0.7bn in the quarter
Related-party dividends paid: 0.7bn (including 0.5bn to parent Sajo Industries)
No share buyback or cancellation plans