Strong Q1 2026 Results and Continued Dividend, but Debt Ratio Surge and GTL Supply Risk


  • Q1 2026 results: Revenue KRW 91.2B (+1% YoY), Operating profit KRW 16.0B (+10%), Net income KRW 14.0B (+14%), EPS KRW 10,807.
  • Dividend: FY2025 year-end dividend of KRW 34,000 per share (total KRW 44.2B) paid on April 15. Sustained stable shareholder return policy.
  • Financial health: No debt, credit rating AAA (NICE D&B). But debt ratio surged to 101% (from 43% at year-end) due to dividend payment and increased trade payables.
  • Risk: Potential disruption in GTL base oil supply due to damage to Qatar Pearl GTL facility; impact currently limited but uncertain.
  • Other: Soil contamination lawsuit with HD Hyundai Oilbank settled (mediation agreement); no contingent liabilities.

KOSPI Filing Information


  • Filing: [Correction of Description] Quarterly Report (2026.03)
  • Company: HANKOOK SHELL OIL (002960)
  • Submission: HANKOOK SHELL OIL CO.,LTD
  • Receipt: 05-15-2026