KSS LINE Extends Long-Term Charter Contract with BW LPG, Securing 175.4 Billion KRW Revenue

KSS LINE has exercised all two-year extension options on its long-term charter contract with BW LPG PRODUCT SERVICES PTE LTD, increasing the contract amount from 141.99 billion KRW to 175.43 billion KRW and extending the contract period to February 2028.
This contract represents 86.63% of the latest consolidated revenue of 202.5 billion KRW, calculated using exchange rates of 1,184.00 KRW/USD for the initial 5 years, 1,373.80 KRW/USD for the first extension, and 1,515.60 KRW/USD for the second extension.
BW LPG, a listed global LPG shipping company in Singapore, is a highly credible counterparty, and this contract extension strengthens KSS LINE's long-term revenue stability.
The disclosure does not include any shareholder return activities such as treasury stock acquisition or cancellation.
[AI Summary]KSS LINE has secured a 175.4 billion KRW long-term charter contract extension with BW LPG through 2028, ensuring stable cash flow. The high-credit global counterparty enhances business reliability and supports revenue growth. However, potential exchange rate fluctuations and absence of new capital allocation plans suggest a neutral impact on stock price.