SK Discovery: Strong Q1 Results, Share Buyback and Cancellation

Q1 2026 consolidated revenue reached KRW 3.29tn (+36.7% YoY), operating profit KRW 189.8bn (+71.4% YoY), net profit attributable to controlling interest KRW 168.3bn (EPS common share KRW 9,206). Strong performance.
Gas business (LPG) drove results with revenue KRW 3.06tn (92.9% share) and operating profit KRW 149.1bn.
Life Science Biz. (SK bioscience etc.) posted operating loss of KRW 39.1bn; Green Chemicals Biz. operating profit KRW 15.9bn.
On March 6, 2026, the company entered into a trust agreement to acquire 369,686 common shares (KRW 20bn); 342,700 shares acquired during Q1.
On Feb 24, 2026, the company cancelled 934,104 common shares and 80,750 preferred shares.
Announced medium-term dividend policy: minimum annual dividend of KRW 1,700 per common share, with potential special dividend from portfolio rebalancing gains.
Signed contract to sell 31.27% stake in SK D&D (real estate) for KRW 74.2bn (closing expected Aug 2026).
Signed contract to sell 30.98% stake in SK eternix (renewable energy) for KRW 247.8bn (closing expected June 2026).
Recognized derivative asset of KRW 248bn related to PRS on SK ecoplant shares.
Debt-to-equity ratio at 152.79%, financial stability solid.
Multiple lawsuits ongoing (humidifier disinfectant and LPG price fixing) with uncertain contingent liabilities.

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