TWIM: 1Q26 Operating Loss Widens but Net Loss Narrows; Continues Investment in AI and Energy

Consolidated Q1 2026 sales: KRW 2.93bn (down 9.6% YoY), operating loss: KRW 1.66bn (widened from KRW 0.86bn loss), net loss: KRW 0.41bn (narrowed from KRW 0.66bn loss)
Parent-only sales: KRW 2.57bn (down 10.5% YoY), operating loss: KRW 1.45bn (widened), net loss: KRW 0.04bn (narrowed from KRW 0.44bn)
R&D expenses: KRW 0.81bn, 27.6% of sales (up from 12.3% YoY)
Debt ratio: 10.79%, zero debt, cash holdings: KRW 13.23bn (consolidated)
Energy business sales share expanded to 52% (from 33% YoY), accelerating growth
Treasury shares: 430,807 shares (5.79% of outstanding), no new buyback or cancellation in the quarter
Seven consolidated subsidiaries; Japan Standard Seedling newly included; some subsidiaries (TWIM ES, Korea Standard Seedling) continue losses
Credit ratings maintained: BBB- (ecredible) / BBB+ (Korea Rating Data)
Two pending lawsuits (consolidated); management believes no material impact