MOORIM PAPER Reports Consolidated Net Loss but Declares Cash Dividend of 125 KRW per Share, Dividend Yield 6.3% – Sustained Shareholder Returns
Consolidated 2025 revenue KRW 1.26 trillion, operating profit KRW 5.95 billion, net loss KRW 23.24 billion, turning to a loss from prior year profit
Standalone 2025 net profit KRW 16.56 billion, cash dividend of KRW 125 per share (total KRW 5.2 billion), dividend yield 6.3%, up 25% from KRW 100 last year
Board composed of 2 inside directors and 3 outside directors (60%), audit committee entirely outside directors, board chair concurrently held by inside director (CEO)
Notice of general meeting provided 4 weeks in advance, electronic voting and proxy introduced, shareholder return policy targets 20-30% of free cash flow
9 consecutive years of dividends, 3-year average dividend yield 4.9%, no share buyback or cancellation in recent 3 years
No disclosure of value-up plan (under preparation), some governance non-compliance: board all male, no cumulative voting
[AI Summary]Despite a consolidated net loss in 2025, the company maintained stable standalone profits and increased dividends per share by 25% to KRW 125 (yield 6.3%), demonstrating commitment to shareholder returns. However, governance gaps such as an inside chairman and lack of cumulative voting remain. Overall neutral for stock price but dividend yield is attractive.