Hyundai Ezwel Q1 24th: Revenue and Profit Growth, Enhanced Dividend Policy

Consolidated Q1 (Jan-Mar 2026) revenue 46.3B KRW, operating profit 7.4B KRW (margin 15.9%), net income 5.9B KRW
Enhanced dividend policy: target ≥20% of separate operating profit, minimum 90 won per share, 3-year policy (2026-2028) disclosed
Debt ratio 131.5% up from 121.2% at year-end; total debt 146.8B, equity 111.6B
Cash and cash equivalents 37.0B KRW, decreased from 56.9B at year-end but sufficient liquidity
Call option agreement for non-controlling interest of subsidiary Hyundai Vendis (exercise price 92,680 won, 67,004 won for early resignation)
2 pending lawsuits as defendant (total claim 106M KRW), outcome uncertain