Socar Q1 2026: Operating profit remains positive, dividend paid, and Krafteron rights offering decided

Consolidated revenue KRW 97.1bn (down from KRW 131.5bn YoY, mainly due to lower used car sales)
Operating profit KRW 1.4bn (estimated turnaround from loss; FY2024 operating loss was KRW 9.8bn)
Net loss KRW 8.8bn (continued loss, but improving profitability vs prior year revenue of 131bn)
Membership 5.93 million (+18% YoY), utilization rate 38.1% (up from 35.0%)
Debt-to-equity ratio 277% (up from 257% at year-end, increased financial leverage)
Cash dividend of KRW 92 per share (total KRW 3bn) paid on Apr 24, 2026
KRW 65bn rights offering to Krafteron (for autonomous driving commercialization, 1-year lock-up)
Partial loss in Tada worker status lawsuit, recognized litigation provision of ~KRW 2.1bn (appeal pending)
Subsidiary Nine2One capital deficit deepens (equity -KRW 8.2bn), impacting consolidated net loss
38 autonomous driving patents filed/registered (including US, China, Japan)

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