2025 Annual Report Correction: Tax Rate Error Adjustment and Return to Profit, Continued Absence of Shareholder Returns

Average effective tax rate misstated as 54.7000 due to XBRL input error, corrected to 0.5470; no impact on financial statements
Consolidated 2025 revenue KRW 889.5B, operating profit KRW 19.8B, net profit KRW 2.3B, turning profitable after prior year loss (2024: operating loss KRW 38.3B, net loss KRW 132.6B)
Separate net profit KRW 2.1B vs prior year loss of KRW 144.2B, EPS KRW 64 (consolidated KRW 71)
Treasury shares 1,589,680 shares (4.61%) held, no cancellation plan; no dividends paid for 4 consecutive years; retained deficit KRW 63.7B
Net debt-to-equity ratio improved to 124.6% (prior 139.1%) but debt ratio remains high at 203%; credit rating lowered to BBB+ from A-
Major shareholders Samyang Holdings and SK Discovery each hold 25.5%, no change in control
Consolidated operating cash flow KRW 37.6B vs prior year -KRW 20.1B; financing cash flow -KRW 22.4B due to debt repayment
Additional KRW 13.2B investment in affiliate Huvis Indorama Advanced Materials fully impaired; US tariff risk remains uncertain
[AI Summary]HUVIS achieved an operating turnaround in 2025, but accumulated deficits and a high debt ratio (203%) prevent dividend payouts. The tax rate correction is a minor XBRL error with no impact on earnings. Future stock price outlook hinges on profitability improvement through differentiated products and cost reduction.