Sangsangin reduces losses and proceeds with savings bank sale

Consolidated Q1 2026 revenue KRW 126.9bn (up from KRW 111.2bn in Q1 2025), operating profit turned to KRW 14.7bn (vs loss of KRW 14.6bn), continuing operations net profit turned to KRW 7.0bn.
Parent (separate) net loss of KRW 4.3bn (vs profit of KRW 18.9bn in Q1 2025 due to one-time dividend of KRW 41bn from subsidiary).
Sale of subsidiary Sangsangin Savings Bank is in progress (classified as held-for-sale). Disposal date postponed to Aug 31, 2026.
Sangsangin Savings Bank: BIS ratio 12.97% (FY2025: 12.60%), NPL ratio 19.24% (FY2025: 22.53%), improving asset quality.
Sangsangin Plus Savings Bank: BIS ratio 9.75% (FY2025: 8.19%), NPL ratio 20.20% (FY2025: 20.76%).
Consolidated debt ratio 989.46% (FY2025: 867.22%), net debt ratio 342.85% (FY2025: 359.86%).
During Q1 2026, additional 759,269 treasury shares acquired (Jan-Mar). End of period treasury shares: 1,363,306 shares.
CEO sentenced to 4 years in prison in first trial for violation of Capital Markets Act; appeal ongoing. Financial authorities' share disposal order stayed pending appeal.

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