Kumho Electric swings to net profit in Q1 2026, driven by one-off gains

Consolidated Q1 2026 revenue: KRW 10.8 billion (vs. KRW 11.6 billion in Q1 2025, -6.9%); operating profit: KRW 42 million (vs. KRW 58 million, -31%)
Net profit turned to KRW 2.7 billion (vs. -KRW 0.32 billion), mainly due to one-off gains from disposal of right-of-use assets (KRW 2.0 billion) and lease termination gains (KRW 1.7 billion)
Total liabilities decreased to KRW 16.8 billion (from KRW 20.7 billion at year-end 2025); equity increased to KRW 13.3 billion (from KRW 10.1 billion)
Credit rating: B0 from Korea Investors Service (as of May 6, 2026)
No share buyback, cancellation, or dividend plans (treasury shares: 865,884, unchanged)
6 lawsuits pending with claim amount of approximately KRW 1.6 billion
Subsidiary KUMHO ELECTRIC VINA's property sale underway (expected to close in May 2026)
Separate basis: operating profit KRW 0.85 billion, net profit KRW 2.67 billion
Consolidated EPS: KRW 45 (vs. -KRW 5 in Q1 2025)

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