HDC Hyundai EP Reports Q1 2026 Consolidated Operating Profit of 7.8 Bln KRW; Credit Rating Maintained at A-

Consolidated Q1 2026 revenue of 254.9 bln KRW, operating profit of 7.8 bln KRW, net profit of 4.6 bln KRW (separate: revenue 201.7 bln, operating profit 6.8 bln, net profit 8.1 bln)
Credit rating maintained at A- (stable) by NICE and KIS
Segment revenue: PO 168 bln (+3.9% YoY), PS 82 bln (-5.2% YoY), Building Materials 4.9 bln (-15.0% YoY)
No treasury share transactions (acquisition/disposal/cancellation) during the quarter; dividend policy maintains 20-30% cash payout ratio
R&D expenditure of 0.7 bln KRW (0.4% of revenue)
Key subsidiaries: HEP CHENNAI (India) and HEP BEIJING (China) remain profitable, while HEP MEXICO and HDC Polyol continue losses
No material contingent liabilities or lawsuits; guarantees of 78.2 bln KRW (USD 36 mn etc.)