Hanjin Kal Q1 2026 Strong Results, Korean Air Performance Improvement and Shareholder Return Policy Maintained

(Consolidated) Revenue KRW 69.6B, operating profit KRW 13.0B, net profit KRW 85.4B (attributable to parent KRW 84.0B, +5.4% YoY)
(Separate) Revenue KRW 100.2B, operating profit KRW 89.9B, net profit KRW 84.0B, dividend income KRW 86.3B
Associate Korean Air: separate revenue KRW 4.5T (+14.1%), operating profit KRW 516.9B (+47.3%) strong
Dividend policy: target payout ratio of ~50% of adjusted separate net income; no share buyback plan but will cancel existing treasury shares
Risk management: hedging for Middle East geopolitical risks and oil price volatility (oil options etc., derivative valuation gain KRW 338.9B)
Financial position: consolidated debt ratio 129.82% (FY2025 end: 127.17%), net debt KRW 1.97T, cash & equivalents KRW 228.9B
Major investments: new aircraft orders (KRW 1.3T), continued UAM and drone development
AGM charter amendments: removal of cumulative voting exclusion, expansion of separate audit committee election, etc. approved