SK D&D suffers 88% net profit plunge in 2025, skips final dividend; largest shareholder pushes delisting tender offer, raising concerns over governance and shareholder value
2025 consolidated net income plummeted 88% YoY to KRW 5.4B, reflecting severe business downturn.
No final dividend declared for 2025; only interim dividend of KRW 200 per share paid, heightening uncertainty about shareholder return policy.
The largest shareholder, Han&Co Development Holdings, pursued a tender offer for delisting, endangering minority shareholder rights and potentially depressing the stock price.
Multiple key governance indicators remain non-compliant (e.g., no 4-week prior AGM notice, lack of CEO succession policy, insufficient internal audit independence), raising transparency concerns.
[AI Comprehensive Analysis]SK D&D faces a triple threat: sharp earnings decline, reduced shareholder returns, and a controlling shareholder's delisting attempt. Without governance improvements, long-term corporate value recovery appears challenging.