HanmiGlobal Q1 consolidated net profit plummets 59%... real estate development subsidiary continues losses

Q1 2026 consolidated revenue: KRW 112.0 billion (down 8.6% YoY), operating profit KRW 3.0 billion, net profit attributable to parent KRW 2.8 billion (down 59% YoY).
Standalone revenue: KRW 47.7 billion, operating profit KRW 58 million, net profit KRW 2.2 billion, sharp profitability decline.
Real estate development subsidiary HanmiGlobal D&I (94.76% stake) posted net loss of KRW 0.53 billion in Q1, remains capital impaired (equity -KRW 4.8 billion).
Consolidated debt ratio rose to 85.6% from 81.7% at year-end. Total borrowings KRW 86.6 billion (year-end KRW 81.6 billion).
Dividend policy: target payout ratio of at least 30% of standalone net income; declared dividend of KRW 400 per share for FY2025 (total KRW 4.24 billion), paid in April 2026.
Treasury share disposal: sold 200,000 shares (KRW 2.23 billion) during the quarter, remaining treasury shares 147,300.
Contingent liabilities: 3 pending lawsuits (aggregate KRW 1.07 billion), management deems immaterial.
Consolidated contract backlog increased to KRW 772.6 billion (year-end KRW 730.2 billion). Libya project remains suspended.