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Earnings Score 42 Bearish

Samsung SDS Q1 Profits Plunge Amid Logistics Slump and One-Time Costs

Apr 23, 2026 03:38 UTC
018260.KS
Short term

Samsung SDS reported a sharp decline in first-quarter net income and operating profit, driven by a downturn in logistics and non-recurring expenses. Total sales dipped slightly as IT services failed to provide growth momentum.

  • Net income dropped 56.3% to 92.38 billion KRW
  • Operating income fell 70.8% to 78.34 billion KRW
  • Quarterly sales decreased 3.9% to 3.35 trillion KRW
  • Logistics revenue decline was a primary driver of sales loss
  • IT Service revenue remained flat during the period

Samsung SDS (018260.KS) has posted a significant contraction in its first-quarter financial results, with net income attributable to shareholders falling to 92.38 billion Korean won. This represents a 56.3% decrease compared to the same period last year. The company's operating income experienced an even more severe decline, plummeting 70.8% to 78.34 billion won. According to the report, this sharp drop was primarily the result of a one-time expense incurred during the quarter, suggesting that the operational hit may not be entirely systemic. Overall sales for the first quarter totaled 3.35 trillion Korean won, a 3.9% decline year-over-year. The company noted that the revenue dip was caused by a combination of flat growth in its IT Service segment and a contraction in Logistics revenue, reflecting broader headwinds in global trade and supply chain activity. Market reaction remained muted following the disclosure. Shares of Samsung SDS were trading at 178,400 Korean won, down 0.94%. Investors appear to be discounting the steep profit drop in light of the one-time nature of the operating expenses, though the weakness in the logistics arm remains a point of concern.

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