MediaZen Q1 2026: Sales Plunge 58%, Operating Loss of 1.95 Billion Won

Q1 2026 revenue: KRW 3.36 billion (down 58% YoY from KRW 8.09 billion)
Operating loss: KRW 1.95 billion (widened from KRW 0.48 billion loss in Q1 2025)
Net loss: KRW 2.05 billion (vs KRW 0.75 billion loss in Q1 2025)
Total borrowings: KRW 15.78 billion, net debt: KRW 14.82 billion, gearing ratio: 51.85% (up from 43.98% at year-end 2025)
Retained earnings deficit: KRW 20.36 billion, total equity: KRW 13.76 billion
R&D expenses: KRW 0.47 billion (vs KRW 0.60 billion in Q1 2025)
Order backlog: KRW 7.94 billion (including carryover)
No dividends or share buyback/cancellation