Earnings release
Page 1
Macquarie Korea Infrastructure Fund 18th Floor , Unit A , Centropolis 26 , Ujeongguk - ro , Jongno - gu Seoul 03161 KOREA 29 July 2026 Telephone +822 3705 8500 Fax Internet +822 3705 8596 www.macquarie.com/mkif O MACQUARIE MACQUARIE KOREA INFRASTRUCTURE FUND REPORTS 1H 2026 FINANCIAL RESULTS AND ASSET PERFORMANCE Macquarie Korea Infrastructure Fund ( " MKIF ” ) today announced its financial results and asset performance for the six months ended 30 June 2026 ( the " Period ” ) . Highlights for the Period include : ■ ■ MKIF Board of Directors today approved total distribution of KRW 167.6 billion ( KRW 350 per share ) for the first half of 2026 in line with the interim distribution guidance disclosed on 15 June 2026. The distribution for the first half of 2026 will be paid in cash on 28 August 2026 to the shareholders registered to MKIF's shareholder register on the record date of 30 June 2026 . On a non - consolidated basis , MKIF recorded revenue of KRW 260.0 billion and net income of KRW 225.0 billion for the Period . Revenue and net income decreased by 6.1 % and 7.6 % respectively compared with the previous corresponding period ( " pcp " ) . Revenue and net income decreased mainly due to lower dividend income , driven by ( i ) the absence of the one - off dividend income recognized in 2025 upon the corporate dissolution of the Baekyang Tunnel Private Investment Project entities , and ( ii ) a decrease in dividends from Soojungsan Investment Co. , Ltd. in connection with the planned return of share capital to its shareholders . On a weighted average basis1 , 12 operating toll road assets delivered a traffic volume increase of 0.5 % for the Period over pcp . ■ Key operational highlights of BNCT Co. , Ltd. ( “ BNCT ” ) , the operator of Busan New Port Phase 2-3 , during the Period are summarized below . - - BNCT handled 1.31 million TEUs , a decrease of 2.5 % over pcp . Revenue increased by 1.8 % over pcp to KRW 81.2 billion . EBITDA increased by 0.1 % over pcp to KRW 35.2 billion , recording an EBITDA margin of 43.3 % . - Although volume declined , revenue and EBITDA increased slightly due to an improved volume mix and ancillary revenue . Key operational highlights of city gas business operators - Haeyang Energy Co. , Ltd. ( " HY " ) , Seorabeol City Gas Co. , Ltd. ( " SRB " ) and CNCITY Energy Co. , Ltd. ( " CNCITY " ) - are summarized below . 1. On a weighted average basis based on revenue size and MKIF's ownership stake in each project company 1