Shinpoong 2026 Q1: Improved operating loss, net profit up, very low debt ratio of 3.56%

Consolidated revenue KRW 6,025M (vs 5,785M YoY), operating loss narrowed to KRW 564M (vs 882M loss YoY).
Consolidated net profit increased to KRW 845M (vs 701M YoY), driven by financial income of KRW 1,069M from FVTPL assets.
Consolidated debt ratio remained very low at 3.56%, indicating strong financial structure.
Holdings of FVTPL financial assets at KRW 40,148M; a 10% price change would impact profit by KRW 4,015M.
Separate operating loss improved to KRW 539M (vs 731M loss YoY), net profit KRW 987M (vs 898M YoY).
Cash and cash equivalents decreased to KRW 2,719M (from KRW 8,654M at year-end) due to investments in financial instruments.
Allowance for doubtful accounts on trade receivables totaled KRW 3,514M (approx. 53.8% of gross receivables).
Treasury shares of 7,252,320 shares (20.8%) held; disposal plan approved at the 65th AGM.
No material new projects during the period; M&A under continuous review.