Hanatour Service (039130) investor relations material

Executive summary

• Revenue for Q2 2026 was ₩115.4 billion, down 4% year-over-year, with net revenue at ₩100.3 billion, down 7% year-over-year.

• Operating income was ₩5.4 billion, a 44% decrease year-over-year, with an operating margin of 4.7%.

• Net income reached ₩7.1 billion, down 37% year-over-year, impacted by lower demand and strategic price adjustments.

• Delivered strong financial performance in H1 2026, with continued revenue growth and robust profitability across core travel and related service segments.

• Maintained a diversified business portfolio, including travel agency services, hotel operations, transportation, and IT system development, with a focus on digital transformation and AI-driven customer experience enhancements.

Financial highlights

• Operating expenses for Q2 2026 were ₩110.0 billion, nearly flat year-over-year.

• Raw material and merchandise purchases rose 16% year-over-year to ₩14.8 billion.

• Personnel expenses decreased 3% year-over-year to ₩32.4 billion.

• Consolidated operating revenue for H1 2026 was KRW 290.3 billion, up from KRW 288.4 billion in H1 2025.

• Cash and cash equivalents at period end were KRW 105.4 billion, up from KRW 81.7 billion at the end of 2025.

Outlook and guidance

• Both China and Japan package segments are expected to maintain double-digit growth for the year, driven by pent-up demand and favorable currency effects.

• Continued growth in FIT (Free Independent Traveler) sales is anticipated, supported by online channel expansion.

• Plans to maintain stable dividend policy, targeting payout of at least 30% of consolidated net income through 2027.

• Ongoing focus on digital transformation, AI integration, and expansion of location-based services to enhance customer experience and operational efficiency.