The Cube& Inc. reports consolidated net loss of KRW 738M in Q1 2026, debt ratio surges to 66.27%

Consolidated Q1 2026 revenue of KRW 6.59B, net loss of KRW 738M.
Standalone net income of KRW 39M, turning to profit.
Long-term borrowings surged to KRW 20B from KRW 3B at year-end, debt ratio up to 66.27% (45.18% at year-end).
Convertible bonds of KRW 10.24B classified as current liabilities, posing refinancing risk.
Ongoing investigation for violation of the Serious Accidents Punishment Act since 2022 (contingent liability).
New modular housing business launched, first project targeted for H2 2026, no revenue yet.
No share buyback, cancellation, or dividend during the quarter.
Maintains long-term supply contracts with key customers: HD Construction Equipment, BorgWarner, GM, etc.