Saltware Q1 2026: Consolidated net loss, separate net profit plummets

Consolidated revenue KRW 18.0bn (+8.5% YoY), separate revenue KRW 17.8bn (+8.3%)
Consolidated net loss KRW 18.4mn (vs profit KRW 85.9mn), separate net profit KRW 12.9mn (vs KRW 135.7mn)
Operating cash flow: consolidated -KRW 3.6bn, separate -KRW 3.8bn (both negative)
Transferred KRW 12.7bn from paid-in capital surplus to retained earnings
Treasury shares unchanged at KRW 509mn; no buyback or dividend
Subsidiary Gahwatec net loss KRW 58.6mn, dragging consolidated results
Short-term borrowings KRW 540mn, credit rating BBB maintained
Pledged assets KRW 2.13bn; no material contingent liabilities