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Tuesday, June 30, 2026
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Kumho Petrochemical (011780.KS) Q1 2026: Operating Profit Halved as Iran War Stalls Spread Recovery

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Kumho Petrochemical (011780.KS) Q1 2026: Operating Profit Halved as Iran War Stalls Spread Recovery

Kumho Petrochemical (011780.KS) posted Q1 2026 consolidated revenue of ₩1,780.0 billion (−6.7% YoY), operating profit of ₩59.4 billion (−50.7%), and net profit of ₩96.3 billion (−22.8%), as a crude-oil spike triggered by the U.S.-Iran conflict drove feedstock costs higher while equity-method income and affiliate dividends cushioned the bottom line.

A geopolitical oil shock erased months of spread improvement, cutting Kumho Petrochemical's operating profit in half — yet equity-method income from joint ventures contained the net-profit damage to less than a quarter.

Source: Q1 2026 Quarterly Report (50th Fiscal Year, 1st Quarter) — Filed May 15, 2026 with DART | Consolidated Financial Statements | Unit: ₩ billions

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Kumho Petrochemical (011780.KS) Q1 2026: Operating Profit Halved as Iran War Stalls Spread Recovery

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