Hanjoo Light Metal Swings to Net Loss in Q1 2026 Despite Marginal Revenue Growth

Consolidated Q1 2026 revenue: KRW 63.1bn (vs 62.2bn, +1.5%), operating profit: KRW 1.2bn (vs 1.85bn, -34.3%), net loss: KRW 0.22bn (vs net profit of KRW 0.47bn in prior year).
Debt ratio improved to 333% (from 359% at year-end) and net debt ratio to 319% (from 341%), but net debt remained high at KRW 147.9bn.
Key raw material (aluminum ingot) prices surged 13–144% YoY, pressuring profitability.
Slovak subsidiary (Hanjoo Light Metal s.r.o.) recorded a net loss of KRW 0.44bn in the quarter.
Holds substantial order backlog (2026–2035) including eM platform, driving future revenue growth.
Capital expenditure of KRW 4.6bn and R&D expenses of KRW 1.58bn (2.5% of sales) incurred in Q1 2026.
No disclosure of shareholder return policies such as share buybacks, cancellations, or dividends.