Iljin Power Q1 Sales Up 55%, Operating Profit Triples; Dividend of 5.1 Billion Won Paid

Consolidated Q1 2026 revenue 63,778 million KRW (vs 41,053 million YoY, +55.4%), operating profit 7,000 million (+205%), net income attributable to parent 6,212 million (+532%), EPS 414 KRW.
Power plant maintenance segment revenue 27,883 million (+43%), nuclear segment 5,280 million (+150%), fuel cell segment 9,299 million (new), chemical/plant segment 21,213 million (+77%).
Completed payment of 5,100 million KRW dividend for FY2025 (major shareholder 330 KRW/share, minority 360 KRW/share) in April 2026.
Lawsuit from Korea East-West Power for unfair enrichment (7,757 million KRW) – company won first trial, plaintiff appealed; litigation provision 2,400 million KRW booked.
Embezzlement incident by former employees (~2,466 million KRW) – long-term receivable of 2,354 million KRW with allowance for doubtful accounts of 1,532 million KRW.
Other lawsuits: material payment claim (38 million KRW) appealed after first trial win; industrial accident compensation (60 million KRW) in first trial.
Consolidated assets 324,968 million KRW, liabilities 169,997 million, equity 154,971 million. Cash and cash equivalents 61,817 million.
R&D expenses 829 million KRW (1.3% of revenue), decreased from prior year.

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