SPAC Merger and Listing: Q1 Sales ↑ Operating Profit ↑, Net Loss Due to Merger Cost

Q1 2026 sales 14.99B KRW (+27% YoY), operating profit 0.97B (+24.9%)
Net loss of 1.25B KRW due to one-time merger expense of 1.97B (vs net loss of 0.01B a year ago)
Merged with BK No. 2 SPAC and listed on KOSDAQ in March 2026; debt ratio improved from 192.8% to 140.2% due to equity expansion
Cash and equivalents surged to 7.23B from 1.06B; current ratio improved to 66.8% from 42.6%
No shareholder return initiatives such as share buyback/cancellation or dividends