Hansung Cleantech Reports Q1 2026 Operating Loss of 5.5 Billion Won, Turning to Deficit

Consolidated Q1 2026 revenue: 44.88 billion won (down 4.5% YoY), operating loss: 0.55 billion won (vs operating profit of 1.87 billion won in Q1 2025), net loss: 0.81 billion won
Debt ratio: 145.8% (improved from 148.0% at year-end 2025), total equity: 62.37 billion won (down from 63.22 billion won)
Accumulated deficit: 121.38 billion won, retained earnings in deficit
Credit rating: BBB- (NICE D&B, as of March 26, 2026)
Key segments: Water treatment EPC (63%), Liquid hazardous waste (16%), Environmental facility O&M (20%)
Major orders: Ongoing large projects with Samsung E&A, SK Hynix, Hyundai Engineering, etc.
Intangible assets including goodwill of 29.17 billion won; outstanding convertible bonds of 5 billion won (conversion price 1,510 won)
No dividends paid in last 5 years