Moorim Paper Q1 2026: Consolidated operating profit plunges, net loss

Consolidated revenue KRW 307.4bn (-3.7% YoY), operating profit KRW 0.16bn (-96.9%), parent net loss KRW 4.1bn (swing to loss)
Standalone revenue KRW 119.2bn (-15.9%), operating profit KRW 6.9bn (-53.4%), net income KRW 10.8bn (-16.3%)
Pulp segment operating loss KRW 4.7bn (swing to loss); Paper segment operating profit KRW 3.6bn (-76.9%)
Financial segment (Moorim Capital): adjusted equity ratio 42.00%, NPL ratio 5.90% (improved from 7.04% in prior year)
Credit ratings: corporate bonds A-, CP A2- (unchanged)
Shareholder return: target 20-30% of annual free cash flow; dividends paid for 9 consecutive years (KRW 125 per share for FY2025)