Hanwha Solutions Q1 2026 Operating Profit Turns Positive to KRW 92.6B, Announces KRW 1.8T Rights Offering

Consolidated Q1 2026 revenue KRW 3.88T, operating profit KRW 92.6B (vs KRW 30.3B in Q1 2025, turning positive)
Net loss attributable to controlling parent KRW 48.9B continues; debt ratio 191% (separate basis 89.82%, complying with bond covenants)
On March 26, 2026, decided a rights offering of approx. KRW 1.8T (56M shares, expected issue price KRW 32,400)
Purpose: facility investment (US Solar Hub) and debt repayment
Largest shareholder Hanwha Corp. to participate 120% of its entitlement (approx. KRW 843.9B)
Submitted a restructuring plan for Yeosu petrochemical complex to government; impact on financial statements uncertain
Multiple patent infringement lawsuits ongoing (Maxeon, First Solar, etc.); material impact unpredictable
No dividend for FY2025; new shareholder return policy for FY2026-2030: 10% of consolidated net income or KRW 300 per share, whichever greater

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