2026 Q1 Results: Operating Loss Continues, Credit Rating Downgrade, Full Disposal of Treasury Shares

Consolidated revenue: KRW 45.4 billion (down 11% QoQ), operating loss of KRW 0.58 billion (improvement from KRW 2.63 billion loss in previous year)
Separate revenue: KRW 7.4 billion, operating loss of KRW 0.67 billion, net loss of KRW 1.07 billion (vs. KRW 0.88 billion loss in prior quarter)
Consolidated debt ratio: 129.6% (slight improvement from 130.3% at year-end)
Credit rating downgraded to B+ (from BB-)
Fully disposed 192,005 treasury shares on-market (raised KRW 2.54 billion)
Stake in affiliate L&F: 16.74%, market price per share KRW 143,900 (up from KRW 95,200 at year-end)
R&D spending of KRW 1.2 billion (consolidated), new product development underway