▶The revenue decreased by 4.8% to KRW 2,719 billion in Q1 2026 from KRW 2,855 billion in Q1 2025.
▶The net profit stood at KRW 354 billion in Q1 2026, compared to KRW 740 billion in Q1 2025.
▶The operating profit recorded KRW 270 billion in Q1 2026, down 56% from KRW 614 billion in Q1 2025.
▶The Shanghai Containerized Freight Index (SCFI) averaged 1,507 points in Q1 2026, down 14% from 1,762 points in Q1 2025. Major routes saw steep declines, with US West Coast and East Coast rates dropping 38% and 37%, respectively.
▶Despite the sharp drop in freight rates and rising costs from the prolonged Middle East crisis, HMM maintained an operating margin of 9.9%.
 

1. Financial Results (Consolidated)

2. Comments

• (Global Market) Market uncertainties are expected to grow due to increased vessel capacity from newbuild deliveries, rising costs associated with the Middle East crisis, and U.S. tariff policies.

• (Container Business) HMM will implement fuel cost optimization strategies to mitigate the impact of prolonged high oil prices. HMM also plans to launch new routes to markets like Africa by adopting a hub-and-spoke strategy, while securing new demand in regions such as Southeast Asia.
• (Bulk Business) HMM aims to enhance profitability through the strategic operation of VLCCs and will continue to secure long-term contracts for strategic cargo globally.