Hunggu Oil Q1 2026 Operating Profit Turns Positive, All Treasury Shares Disposed

Q1 2026 revenue KRW 27.1B (down 9.6% YoY from KRW 30.0B), operating profit KRW 0.56B (vs KRW 0.27B loss in Q1 2025, swung to profit), net income KRW 0.42B.
Swung to operating profit in Q1 after full-year 2025 operating loss of KRW 0.99B.
All 459,183 treasury shares disposed (29,183 shares for employee incentives, 430,000 shares via block deal to institutions). No treasury shares held at quarter end.
Major shareholder Seo Sang-deok reduced stake from 20.96% to 7.36% (sold ~2.04M shares); largest shareholder Kim Sang-woo maintained 29.57%.
FY2025 final dividend of KRW 291M to be paid; dividend yield ranged 0.2%-2.6% over past 5 years.
Debt-to-equity ratio 14.7% (equity KRW 84.25B, debt KRW 12.4B), short-term borrowings KRW 8.0B unchanged.
Fair value of investment properties KRW 95.25B, rental income KRW 606M.
Industry outlook uncertain due to US-Iran conflict and energy transition policies.

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