Softcamp posts wider operating loss and cash decline in Q1 2026
Consolidated Q1 2026 revenue increased 14.1% YoY to KRW 4.58 billion, but operating loss widened to KRW 1.13 billion (vs. KRW 0.60 billion loss in Q1 2025).
Consolidated net loss deepened to KRW 1.27 billion from KRW 0.23 billion loss in the prior-year quarter.
Cash and cash equivalents plummeted 74.6% to KRW 1.46 billion from KRW 5.76 billion at end-2025. Total borrowings stood at KRW 19.28 billion (short-term KRW 4.2 billion, long-term KRW 14.0 billion).
Ongoing litigation related to former employee embezzlement (damage claim of KRW 0.52 billion, deposit of KRW 0.15 billion).
Share consolidation (5:1) in progress (effective May 7, 2026; new shares listed on May 28, 2026). Treasury shares held: 1,012,632 shares (4.05%).
Board resolved on April 17, 2026 to convert loans to subsidiary RedPenSoft into equity.