PT MS Q1 2026 Poor Results: Sales Down 82%, Operating Loss 1.5 Billion Won

Q1 2026 sales of 0.76 billion won, down 81.7% from 4.17 billion won in same period last year.
Operating loss of 1.49 billion won (swing from operating profit in prior year period).
Net loss of 1.45 billion won (compared to net profit of 0.14 billion won in prior year period).
Long-term borrowings of 9.4 billion won, debt ratio of approximately 156% (liabilities 31.2 billion, equity 20.1 billion).
Decision to issue convertible bonds totaling 10 billion won after the report date (3rd: 5 billion, 4th: 5 billion).
Three major lawsuits ongoing, including litigation provision of 5.1 billion won.
Order backlog of 29.2 billion won, with contract extensions and delays.