Pyung Hwa Holdings: Quarterly Report Correction and Q1 Net Profit Triples

Correction of quarterly report: Errors in consolidated and separate equity statements corrected (no impact on financial statements)
Q1 2026 consolidated revenue: KRW 225.1bn (+6.3% YoY)
Consolidated operating profit: KRW 12.3bn; Net profit: KRW 20.1bn (+241% YoY)
Net profit attributable to controlling: KRW 14.8bn (vs KRW 4.6bn); EPS: KRW 1,027 (vs KRW 321)
Cash dividend of KRW 150 per share (FY2025) paid in April 2026
Total equity: KRW 178.0bn (up from KRW 162.7bn); Debt ratio: 249%
Total borrowings: KRW 208.7bn (up from KRW 203.1bn)
Strong performance of key subsidiaries: Pyung Hwa Industrial OP KRW 8.2bn, Pyung Hwa Oil Seal KRW 3.3bn
Overseas subsidiaries: Chinese entities remain capital impaired (Tianjin Pyung Hwa -KRW 47.7bn)
Articles amendment: Renaming outside directors to independent directors; raising independent director ratio to at least 1/3