KCC Glass Reports Operating Loss in Q1 2026; Glass Segment Loss Expands, Financial Position Weakens
KCC Glass consolidated Q1 2026: revenue KRW 466.6bn, operating loss KRW 10.1bn, net loss KRW 7.1bn (vs Q1 2025 operating loss KRW 5.6bn, net loss KRW 11.2bn) → net loss narrowed.
Glass segment operating loss KRW 16.7bn, widening from KRW 10.1bn a year ago; Interior & distribution segment profit KRW 6.2bn (down from KRW 6.8bn); Pile segment profit KRW 0.4bn (vs loss KRW 2.4bn).
Debt ratio increased to 78.81% from 67.75% at end-2025, indicating deteriorating financial structure.
Company maintains annual cash dividend target of 200% of par value (KRW 2,000 per share); 2025 year-end dividend paid using capital reserves.
Total loans to subsidiary PT. KCC GLASS INDONESIA: USD 181.7mn; guarantees: USD 18.3mn.
Ongoing lawsuits (11 cases) with total claims of KRW 17bn; management expects no material impact.
Issued KRW 100bn in corporate bonds in Feb 2026 (rated AA-).