HMM Achieves Record 3Q Performance, Actively Considering Dividend Increase and Shareholder Return Policies

HMM IR Held

[Asia Economy Reporter Yu Je-hoon] HMM, which posted record-breaking performance in the third quarter, has decided to actively consider shareholder return policies such as dividend expansion.

HMM announced on the 15th that it held an investor relations (IR) session for major domestic securities analysts on the 12th. Previously, HMM achieved its highest-ever performance in the third quarter with sales of 4.0164 trillion KRW and operating profit of 2.2708 trillion KRW.

During this session, HMM stated that it would actively consider shareholder value return measures, including dividend expansion, based on its business performance and future outlook. Separately, it also announced plans to implement management strategies aimed at enhancing shareholder value.

First, to enhance shareholder value, HMM plans to establish a business structure resilient to economic fluctuations to continuously generate profits and expand shareholder-friendly policies to maximize shareholder value. To this end, it will focus on productivity improvement, cost structure enhancement, innovation for operational efficiency, strengthening financial target management, and improving credit ratings to enhance financing and investment capabilities. HMM also intends to strengthen communication with shareholders through IR and disclosures and actively implement shareholder return policies such as dividend expansion to maximize shareholder benefits.

Additionally, to enhance customer value, HMM will concentrate on expanding its fleet and logistics infrastructure, extending its service network, and improving logistics service capabilities and operational efficiency across all transportation segments. In particular, to strengthen global competitiveness, it plans to increase its container shipping capacity from the current approximately 820,000 TEU to 1.2 million TEU by 2025.

Furthermore, HMM aims to contribute to the national economy by promoting mutual growth with customers and upstream and downstream related industries, while also establishing concrete goals to accelerate Environmental, Social, and Governance (ESG) management.