Poongsan 1Q26 Consolidated Revenue 1.27T KRW, OP 90.2B

Consolidated Q1 2026: revenue 1,270.9B KRW, operating profit 90.2B KRW, net income 78.0B KRW (EPS 2,856 won).
Non-ferrous segment revenue 812.1B KRW (+30.4% YoY), defense segment 156.7B KRW (-23.0% YoY). Sales volume down 1.1% but price increase drove revenue.
2025 annual dividend: 1,700 won per share (total 46.4B KRW, payout ratio 31.5%). No plan for share buyback or cancellation.
Hedges raw material price risk via LME futures and currency forwards (period derivative net gain 1.93B KRW).
R&D expense 7.9B KRW (0.62% of sales).
Lawsuit: damages claim of 3.1B KRW from subcontractor (first trial ongoing).
Production utilization rate 91% (Ulsan etc.), expansion investments underway at major subsidiaries.