Poongsan Holdings Q1 2026: Revenue and Profit Surge, Share Buyback Announced

Consolidated revenue KRW 120.9B (+23.6% YoY), operating profit KRW 35.3B (+107.2% YoY), net profit KRW 33.4B (+103.6% YoY)
Major associate (Poongsan Corp., 38.99% stake) Q1 revenue KRW 1.27T, net profit KRW 78.0B (+87.5% vs KRW 41.6B in Q1 2025)
Share buyback: KRW 4.7B acquired in H1 2026, additional KRW 4.7B under consideration for H2 2026
Net debt ratio 4.20%, very low leverage; total borrowings KRW 102.1B vs cash KRW 49.9B
Dividend: 2025 annual dividend KRW 1,600/share (prev. KRW 1,400), stable shareholder return policy
Contingent liabilities: one minor lawsuit (JPY 63M as defendant); no other significant issues