Korea Petroleum Q1 2026 Consolidated Operating Profit KRW 4.14bn, Up 335% YoY, Swings to Profit

Consolidated: Revenue KRW 171.2bn (+7.6% YoY), Operating profit KRW 4.14bn (vs loss of KRW 0.95bn), Net income KRW 1.53bn (vs loss of KRW 0.56bn)
Separate: Revenue KRW 81.5bn, Operating profit KRW 0.85bn (vs loss of KRW 0.78bn), Net income KRW 2.71bn
Debt ratio 114.2% (up from 100.5%), Cash & equivalents KRW 27.2bn (up from KRW 9.6bn)
Treasury shares: 5 shares at period-end (from 51,874); disposed due to exchangeable bond conversion
Dividend policy: 2025 cash payout ratio 29.1% (KRW 120 per share); no share buyback/cancellation plan
New facility investments (waterproof sheet plant in Okcheon, EP materials, etc.)