JC Chemical Q1 2026: Separate Biofuel Segment Turns to Loss, Consolidated Net Profit Turns Positive

Consolidated revenue 121.1B (+54.7% YoY), operating profit 1.6B (-30.9% YoY), net profit 1.4B (turnaround from -4.0B)
Separate revenue 96.8B (+60.8% YoY), operating loss 1.2B (vs +0.4B), net profit 1.8B (+197% YoY)
Biofuel segment operating loss 1.2B (vs +0.4B), Palm Plantation operating profit 2.8B (+48.6% YoY)
Dividend of KRW 50 per share (down 67% from KRW 150)
Total borrowings 220.1B, debt ratio 176%, cash 34.5B
Recognized FX loss of 3.9B, 1% interest rate increase would add 0.93B annual interest expense
Fair Trade Commission investigation ongoing (no provision recognized)
Export proportion expanded to 57% (from 11% YoY), PTU capacity expansion completed
Biofuel mandatory blending ratio to increase from 4.0% (2024) to 5.0% (2030)