Kona I, First Quarterly Dividend of 800 Won Per Share

Kona I, a fintech company, is strengthening its shareholder return policy by implementing its first-ever quarterly dividend since its establishment.

On July 1, Kona I announced that it will distribute a cash dividend of 800 won per share, totaling approximately 11.4 billion won. The record date for the dividend is set for July 16, and the payment will be made within a month following the board's resolution.

This dividend will be conducted as a 'reduction dividend,' utilizing capital reserve funds, similar to the previous annual dividend.

As a result, shareholders will receive the full amount of 800 won per share without incurring the dividend income tax of 15.4%. If it were a regular cash dividend, the net amount received would be around 677 won, but the reduction dividend method allows shareholders to benefit from approximately 123 won in tax advantages.

This marks the first quarterly dividend in the company's history and reflects a commitment to expanding shareholder returns in light of improved performance. In the first quarter of this year, Kona I reported consolidated revenue of 77 billion won and an operating profit of 24.8 billion won, representing increases of 32.2% and 95.4%, respectively, compared to the same period last year.

Kona I plans to continue its shareholder return policy by distributing more than 25% of its consolidated net profit as cash dividends over the next three years, from 2026 to 2028.

Additionally, the company has been enhancing shareholder returns through stock buybacks this year. In early June, it acquired 100,000 common shares (approximately 5 billion won), and on June 26, it decided to purchase an additional 127,000 common shares (also about 5 billion won). In January, it conducted a tax-free annual dividend of 1,200 won per share, returning approximately 17.2 billion won to shareholders.

Cho Jeong-il, Chairman of Kona I, stated, "This quarterly dividend is a testament to our confidence that the company's profit-generating capabilities have reached a new level. We will continue to implement our shareholder return policy, which includes stock buybacks and the largest-ever tax-free annual dividend, along with our first quarterly dividend."