Korea Zinc Q1 2026 Strong Earnings, Quarterly Dividend Initiation and Major US Investment

Consolidated Q1 2026 revenue KRW 6.07 trillion, operating profit KRW 746.1 billion (OPM 12.3%), net income KRW 354 billion - Standalone revenue KRW 4.29 trillion, operating profit KRW 693.3 billion, net income KRW 396.5 billion, EPS KRW 19,442 - Introduced quarterly dividend of KRW 5,000 per share for Q1 2026; plan for stable quarterly dividends for 2026-2028 - Total shareholder return target over 40%, year-end dividend for FY2025 confirmed at KRW 20,000 per share - Major US integrated non-ferrous smelter investment in Tennessee (total ~USD 10.9 billion, target commissioning 2029) - Completed rights issue to Crucible JV LLC in Dec 2025 (2,209,716 shares, ~USD 1.94 billion) - Zinc price up 14% YoY, gold up 70%, silver up 164% - Ongoing litigation: lawsuits to nullify shareholder meeting resolutions and share issuance

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