Humax Holdings Swings to Profit in Q1, Cancels Treasury Shares to Boost Shareholder Returns

Consolidated Q1 2026 revenue: 93.9 billion won, operating profit: 2.3 billion won, net profit attributable to parent: 11.8 billion won, turning from a loss of 6.8 billion won operating loss and 6.9 billion won net loss in Q1 2025
On March 31, 2026, cancelled 1,137,800 treasury shares (book value approx. 10.2 billion won) within distributable profits
Effective April 11, 2026, conducted a 5:1 stock split
EVCS (electric vehicle charger) segment generated 2.2 billion won in new revenue; Gateway: 41.5 billion won; Automotive antenna: 48.4 billion won
Consolidated debt-to-equity ratio: 291%; net borrowings (including bonds): 118.6 billion won; cash and equivalents: 20.9 billion won
Outstanding convertible bonds (10th series, 30 billion won issued Mar 2025) and exchangeable bonds (11th series, 10 billion won issued Sep 2025)
Major lawsuits: Defendant in Charter Communications claim (USD 20M) and Hyundai Hitech damage claim (8.9 billion won); both in first trial
Despite an operating loss of 28.7 billion won in full year 2025, Q1 2026 returned to profit

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