Eusu Holdings 1Q26 consolidated net profit up 241%... IT division strong
Consolidated Q1 2026: Revenue 106.3B KRW (down 1.2% YoY from 107.7B), operating profit 10.0B (up 53% from 6.5B), net profit 13.4B (up 241% from 3.9B).
By segment: IT division operating profit 10.7B (vs 5.9B), logistics division operating loss 0.3B (vs profit 1.0B).
Separate net profit 7.7B (up 28% from 6.0B), includes dividend income 7.1B (vs 6.4B).
Shareholder return: FY2025 year-end dividend of 350 won per share (total 9.1B). Policy to return at least 30% of consolidated net income (excl. non-controlling and non-recurring) for 2024-2026.
Derivative (PRS) valuation gain of 1.1B (underlying: 1.54M treasury shares, notional 7.9B).
Debt ratio increased to 7.44% (from 3.77%) due to increased borrowings and dividend payment, still low.
Equity method income from associates and joint ventures 0.5B (similar to prior year).