LX Holdings Reports Q1 2026 Net Profit of KRW 53B, Maintains ≥35% Dividend Payout

LX Holdings separate Q1 revenue KRW 65B, operating profit KRW 56.8B, net profit KRW 53B (dividend income KRW 52.6B).
Shareholder return policy: maintain ≥35% payout of separate net profit (excl. non-recurring) over next 3 years.
Subsidiary LX International consolidated revenue KRW 4.2T (+4% YoY), operating profit KRW 108.9B (logistics margin decline).
Subsidiary LX MMA revenue KRW 189.4B, operating profit KRW 14.5B (methanol price surged to $533/ton in Mar).
Subsidiary LX Semicon revenue KRW 38.9B, operating profit KRW 20.6B (DDI demand slowdown).
Key investments: LX International nickel mine KRW 132.9B, LX MMA MTBE/PMMA expansion KRW 116B.
Risk: LX Hausys silica exposure lawsuits (373 cases, claim amount KRW 24.3T) – potential contingent liability.
FX sensitivity: 10% change impacts P&L by ±KRW 24.6B.
Debt-to-equity ratio 34.82% (consolidated), stable.