Hana Materials Q1 2026: Revenue +59% YoY, Operating Profit +144%, Dividend and Buyback Policy Maintained

Consolidated Q1 2026 revenue: 93.4 billion KRW (+59% YoY), operating profit: 21.3 billion KRW (+144% YoY), net profit: 17.6 billion KRW.
Separate revenue: 92.5 billion KRW, operating profit: 20.7 billion KRW.
2025 year-end dividend: 300 KRW per share (total 5.8 billion KRW), payout ratio 15.1%. Policy to maintain payout ratio above 10% for 2026-2028.
Treasury stock trust agreement: 5 billion KRW (expires Dec 2026), holding 2.47% of shares.
Financial soundness: debt ratio 46.2%, cash 44.9 billion KRW, credit rating BBB (Nice Credit).
Risks: USD 200 million debt guarantee for affiliate Hana Micron Vina (jointly with parent), largest shareholder's stock pledge.
Industrial complex development (32 billion KRW) delayed due to cultural property survey; R&D expense 2.4 billion KRW (2.6% of revenue).

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