TYM approves 120 won interim dividend after stronger first-half earnings

TYM, a South Korean agricultural machinery maker, will pay an interim dividend of 120 won per common share after first-half 2026 earnings rose sharply, with net profit more than doubling. The board approved a total payout of about 4.78 billion won (approximately $3.4 million) on the 12th, covering 39,861,043 shares after excluding 1,538,957 treasury shares from its 41.4 million total issued shares. The record date is August 28, and payment is due within one month of the board's resolution. The dividend is 2.4 times larger than last year's 50 won per share and, TYM said, the largest interim dividend among South Korea's listed agricultural machinery companies. The company has maintained an interim dividend every year since introducing the policy in 2022 while combining it with share buybacks and treasury share retirements as part of its shareholder return strategy. On a consolidated basis, first-half 2026 revenue rose 13.1% from a year earlier to 552.2 billion won, operating profit increased 59.1% to 62.6 billion won, and net profit climbed 148.0% to 56.7 billion won, driven by stronger mid- to large-size tractor sales in North America and improvements in dealer networks and service competitiveness.

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