Seondo Electric: Q1 2026 Operating Loss Narrows to KRW 496M, Debt Ratio Rises
Revenue of KRW 5,056 million (down 31% from KRW 7,336 million in the prior-year period)
Operating loss of KRW 496 million (narrowed from KRW 1,170 million loss a year ago)
Consolidated net loss of KRW 907 million (improved from KRW 3,012 million loss)
Loss per share of KRW 53 (compared to loss of KRW 178 a year ago)
Debt ratio of 106.7% (up from 101.5% at end of prior year)
Cash and cash equivalents plummeted to KRW 161 million from KRW 20,180 million at year-end (short-term financial assets increased by KRW 16,116 million)
Total borrowings of KRW 27,153 million (liquidity risk)
Illegal act receivables of KRW 5,199 million related to former CEO embezzlement (fully provisioned)
R&D expenses of KRW 276 million (down from KRW 815 million)