SeAH Holdings: Q1 Earnings Improve, Treasury Share Buyback & Cancellation Plan

Consolidated sales KRW 1,711.3bn (+11.8% YoY), operating profit KRW 57.7bn (+48.4% YoY)
Net profit attributable to parent KRW 23.2bn, increase from prior year; separate net profit KRW 25.6bn
Announced shareholder return plan: KRW 50bn in treasury share buyback and cancellation over 2026-2028
Board resolved to cancel 71,000 treasury shares on Mar 26, 2026 (completed Apr 17)\- SeAH Special Steel became wholly-owned subsidiary via stock swap, issuing 313,236 new shares
Differential dividend for FY2025: KRW 3,800 for major shareholders, KRW 4,300 for general shareholders (payout ratio >60% of separate net income)
Debt ratio 107.61% (FY2024: 100.43%), credit rating A (stable)
Consolidated assets KRW 6.48tn, equity KRW 3.12tn
Strong performance from key subsidiaries SeAH Besteel and SeAH Changwon Special Steel
Some litigation and regulatory violations exist but impact on finances limited

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