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KISWIRE

KISWIRE Q1 2026 Consolidated Net Income Surges, Credit Rating Upgraded


  • Q1 2026 consolidated revenue: KRW 432.7 billion (down 2.3% YoY), operating profit: KRW 7.0 billion (down 14.8% YoY)
  • Net income attributable to parent: KRW 23.5 billion, significantly higher than full-year 2025 net income (KRW 9.6 billion), driven by FX gains and equity method income
  • Credit rating upgraded to A- (from BBB+) by iCreable as of May 13, 2026
  • Dividend maintained at KRW 350 per share (consistent with prior year); shareholder proposal for share buyback/cancellation was rejected at AGM
  • Pending litigation for KRW 2.39 billion damages (related to a 2023 safety accident)
  • Cash and cash equivalents: KRW 226.4 billion (up from KRW 191.6 billion at FY-end 2025); debt ratio 37.8%
  • Subsidiary HYROPE HONGKONG LTD. liquidated
  • Equity method income: KRW 7.0 billion (vs. loss of KRW 2.3 billion in Q1 2025, significant improvement)

KOSPI Filing Information


  • Filing: Quarterly Report (2026.03)
  • Company: KISWIRE (002240)
  • Submission: KISWIRE CO.,LTD
  • Receipt: 05-15-2026