Hanwha Solutions said it posted first-quarter consolidated revenue of 3.88 trillion won and operating profit of 92.6 billion won in 2026. Revenue rose 25.5 percent from a year earlier and operating profit jumped 205.5 percent, marking a return to operating profit for the first time in three quarters since the second quarter of 2025.

With U.S. solar customs clearance delays resolved, operations at its local plants normalised. The chemicals division also reflected the impact of restructuring its business structure, and all business units posted profit.

The renewable energy division posted revenue of 2.11 trillion won and operating profit of 62.2 billion won. It posted revenue above 2 trillion won for a second consecutive quarter, with revenue up 32.0 percent from a year earlier.

The company said last year's delays in customs clearance for cells headed to the United States were fully resolved from the end of the year, normalising plant operations. Module sales volumes rose as EPC projects accelerated, and selling prices also increased as tighter rules on circumvention exports from Southeast Asia created a more favourable environment for locally producing companies.

The chemicals division posted revenue of 1.34 trillion won and operating profit of 34.1 billion won. It marked a return to profit for the first time in about 2.5 years since the third quarter of 2023. The company cited a reshaped business portfolio through winding down unprofitable businesses and streamlining production lines, and securing cost competitiveness by cutting power costs.

Its overseas PVC business, which posted a loss last year, returned to profit. The W&C business raised profitability by increasing the share of sales of high-margin products such as extra-high voltage cable materials. It also maintained domestic supply stability by securing key raw materials such as ethylene in advance in response to supply and demand changes originating in the Middle East.

The advanced materials division posted revenue of 285.6 billion won and operating profit of 12.2 billion won, returning to profit. It cited a combination of improvements in the cost structure for solar materials, increased sales in the U.S. market, higher export volumes of lightweight composite materials and the impact of a weaker won.

Park Seung-deok (박승덕), head of Hanwha Solutions' Qcells division, and Nam Jung-woon (남정운), head of its chemicals division, said they expected results to improve steadily through year-end. They said the Cartersville plant's cell line would begin mass production from the third quarter, which they expect will drive solid profit generation in the renewable energy division. They also said the chemicals division would secure key raw materials in advance despite concerns about global oversupply and continue structural improvements to maintain a stable profit trend.