SK Square (402340) Q1 2026 earnings summary

Executive summary

• Achieved record-high consolidated operating income of KRW 8.3tn, up KRW 6.6tn year-over-year, driven by increased equity method gains and higher dividend income from subsidiaries.

• Net income reached KRW 8.37tn, with NAV rising by KRW 22.8tn YoY to KRW 123.0tn, primarily due to the increased value of the SK hynix stake.

Financial highlights

• Consolidated revenue was KRW 300.3bn for 1Q26.

• Operating income surged to KRW 8.3tn, and net income to KRW 8.37tn, both significant YoY increases.

• Dividend income rose to KRW 273.9bn, up KRW 83.4bn YoY.

• NAV per share reached KRW 932,398.

Outlook and guidance

• Expect continued favorable pricing in memory due to AI-driven demand and constrained supply.

• Plans to implement additional shareholder return measures, including dividends and share buybacks, with details to be finalized within the year.