Hyundai GF Holdings (005440.KS) Q1 2026: Operating Profit Surges 24% as Equity-Method Collapse Cuts Controlling-Shareholder Net Income 47%
Core subsidiary operations delivered their sharpest quarterly improvement in years, but a ₩78.8 billion year-on-year collapse in equity-method income from affiliated associates — primarily department store affiliates — sliced controlling-shareholder net profit nearly in half, revealing the dual arithmetic of a diversified holding structure.
Source: Q1 2026 Quarterly Report — Filed May 2026 with DART | Consolidated Financial Statements | Unit: ₩ billions
