SI RESOURCES CO.,LTD. Biofuel oil purchase contract with Korea Midland Power terminated, KRW 4.4 billion
SAI summary · Not investment advice
The KRW 4.4 billion biofuel oil purchase contract with Korea Midland Power, announced on April 13, was cancelled on November 12 because the contract period ended; it is 21.02% of annual sales.
Termination amount
KRW 4.4 billion
Key facts
- Counterparty
- Korea Midland Power Co., Ltd.
- % of revenue
- 21.02%
- Reason for termination
- Termination due to the lapse of the contract period and the performance guarantee period
- Termination date
- Nov 12, 2026Date the termination notice was received from the counterparty
- Terminated contract
- Internal combustion bio heavy oil purchase contract
- Recent revenue
- KRW 20.9 billionBased on 2025 year-end separate financial statements
- Original contract disclosure date
- Apr 13, 2026
Commentary
AI commentary · Not investment advice
What happened
SI Resource had a contract to supply internal-combustion bio heavy oil to Korea Midland Power Co., Ltd. That contract has now been cancelled. The cancelled amount is KRW 4.383 billion, and the counterparty notified the company of the termination.
In the company's terms
The reason given is that the contract period and the performance guarantee period have passed. The contract was first disclosed on 2026.04.13.
What changes for shareholders
The cancelled amount equals 21.02% of the company's annual sales of KRW 20.85 billion (2025 year-end, standalone basis).
Earlier Single Sales/Supply Contract filings from this company
| Filed | Counterparty | Contract amount | % of revenue |
|---|---|---|---|
| 26.04.242026.04.24 | Korea Midland Power Co., Ltd. | KRW 4.4 billion | 21.02% |
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