Hanjin Kal (180640) Q2 2026 earnings summary

Executive summary

• Operates as a holding company with core revenue from brand royalties and dividends; oversees major subsidiaries in aviation, logistics, hotels, and real estate.

• Major subsidiaries include a leading airline, logistics provider, hotel network, and property management firm.

• Recent period marked by stable capital structure, ongoing investments, and a focus on risk management.

Financial highlights

• Consolidated revenue for H1 2026 was KRW 141.1 billion, down from KRW 298.4 billion in FY2025.

• Operating income for H1 2026 was KRW 29.8 billion, compared to a loss of KRW 7.5 billion in FY2025.

• Net loss attributable to owners for H1 2026 was KRW 3.1 billion, versus net income of KRW 155.0 billion in FY2025.

• Separate (parent-only) net income for H1 2026 was KRW 90.7 billion, up from KRW 34.7 billion in FY2025.

• Cash and cash equivalents at June 2026: KRW 452.6 billion (consolidated), KRW 338.5 billion (separate).

Outlook and guidance

• Dividend policy targets payout of ~50% of adjusted net income (excluding one-offs) through FY2026.

• No new share buyback plans; existing treasury shares to be retired per legal requirements.

• Ongoing focus on capital efficiency, risk management, and sustainable growth.