NHN: Q1 2026 Consolidated Revenue KRW 671.4B, Continues Shareholder Returns with Buyback and Dividend

Consolidated Q1 2026 revenue KRW 671.4B (+11.9% YoY), operating profit KRW 26.3B (-5.0%), net income KRW 31.1B.
On May 11, 2026, decided to acquire 431,525 treasury shares and cancel all after completion (approx. KRW 16.7B).
2025 year-end dividend of KRW 500 per share paid (total KRW 15.4B).
2026-2028 3-year shareholder return policy: minimum 15% of prior year's consolidated EBITDA for dividends and buybacks/cancellations.
Debt ratio improved to 86.35% from 117.49% at prior year-end.
Consolidated basic EPS KRW 764 (prior year period KRW 1,023).
R&D expenses KRW 45.5B (6.77% of revenue), continued investment in AI, cloud, etc.
Cloud business: Completed deployment of 7,656 B200 GPUs, operation started end of March 2026.
Additional investment of KRW 0.98B in Michigan Asia Cultural Center Development Fund during the quarter.
29 lawsuits pending (7 plaintiff, 22 defendant), litigation provision recognized at KRW 0.087B.