DL Corp. '26 1Q, 858% higher than '25 4Q

*This content was translated by AI.

DL Corp. whistled this first quarter.

In a preliminary earnings announcement on the 8th, DL forecast consolidated sales of 1.2828 trillion won and operating profit of 112.9 billion won for the first quarter of 2026. This performance reflects an increase of 101.1 billion won in operating profit compared to the previous quarter.

The improvement in results is reportedly due mainly to the war effect and the blockade of the Strait of Hormuz. Profitability improved, centered on the petrochemical and energy sectors. In the petrochemical sector, DL Chemical maintained high margins in the polybutene (PB) segment, and profitability in polyethylene (PE) also improved as product price increases following the Strait of Hormuz blockade issue were reflected.

Results in the energy sector also improved. DL Energy's performance was boosted as the global power industry, including AI and data centers, continued to operate in a favorable environment, recording an operating profit of 37 billion won, a 43.4% increase from the previous quarter.

A DL official, reached by phone with this newspaper, stated, "Even amid difficult market conditions, we plan to continue strengthening profitability and cash generation capabilities through cost reduction, operational efficiency improvements, and portfolio restructuring focused on high-value-added products."

Meanwhile, a petrochemical industry official said, "It is positive that petrochemicals, which had sharply declined under the worst-case scenario, have secured time and funds for a stable retreat as prices surged significantly due to war-related windfalls and the aftermath of the Strait of Hormuz blockade."

A financial industry official forecast, "Recently, the entire transmission and power generation facility sector has drawn attention due to a surge in electricity demand. DL is expected to see significant performance growth in its energy sector over a sufficient period."

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*This content was translated by AI.