Hyundai Everdigm Q1: Revenue +32% YoY, net profit turnaround, Iraq mega order, and share cancellation

Consolidated revenue 82.0B KRW (+32% YoY), operating profit 0.58B (swing to profit), net profit 1.38B (swing to profit)
Segment revenue: Hydraulic Machinery 39.45B, Vehicles 23.69B, Heavy Equipment 18.88B (heavy equipment surged from 0.55B)
Large order backlog: 135.3B KRW for Iraq fire rescue vehicles (signed Aug 2025, largest single contract)
Dividend policy: target at least 10% of consolidated net profit, ±30% range from prior year (4-year policy)
Treasury share cancellation: 74,232 shares (Apr 27, 2026, total shares reduced to 17,841,712)
Financial position: assets 335.8B, liabilities 143.8B, equity 192.0B (debt-to-equity 74.9%)
Cash & equivalents 4.37B (down from 9.38B at year-end), short-term borrowings 62.42B (up from 48.35B)
Derivative valuation loss of 0.44B; standalone operating loss of 1.26B (continued loss)
Pending lawsuits: 3 cases (consolidated), management expects no material impact