Nara Cellar: Operating Profit Turns Positive in Q1 2026 but Net Loss, Debt Ratio Up

Consolidated revenue in Q1 2026: KRW 22.3 billion (up 6.7% YoY), operating profit of KRW 0.53 billion, turning positive
Net loss of KRW 1.66 billion recorded
Debt ratio increased to 88.86% (83.75% at end of 2025), cash and equivalents dropped to KRW 2.0 billion from KRW 5.3 billion
Basic EPS negative at KRW -12 (vs +7 for full year 2025)
Wine sales increased 20% to KRW 19.5 billion, but other liquor sales decreased
Net loss driven by foreign exchange translation loss of KRW 0.31 billion and bad debt expense of KRW 0.19 billion
No share buyback, cancellation, or dividend announced