Q1 Operating Loss of 2 Billion KRW Continues, Merger with Major Shareholder Wizwick Studio in July
Q1 2026 consolidated revenue of 4.74 billion KRW, operating loss of 1.97 billion KRW, widening from prior year (revenue 5.24B→4.74B, operating loss 1.65B→1.97B)
Net loss of 2.06 billion KRW, accumulated deficit of 8.88 billion KRW in retained earnings
Standalone revenue of 1.66 billion KRW, operating loss of 1.50 billion KRW, net loss of 1.38 billion KRW
Total borrowings of 14.65 billion KRW, cash equivalents of 3.75 billion KRW, net debt of 10.9 billion KRW
On April 8, 2026, board resolved to merge with largest shareholder Wizwick Studio; merger date July 1, listing of new shares expected July 31
Merger ratio: 0.5774514 Wizwick Studio common shares per NP common share
No shareholder return policies such as dividends or share buybacks/cancellations