TPC Global Records Large Gain on Subsidiary Sale in Q1 2026, but Operating Loss Continues

Sold entire stake in Haesung Aerobotics (3,257,703 shares), losing control, deconsolidated
Recognized disposal gain of KRW 20.3 billion (separate), consolidated net profit of KRW 18.3 billion (vs. -0.8 billion a year ago)
Consolidated operating loss of KRW 0.6 billion (vs. -1.2 billion), revenue of KRW 17.3 billion (slight decrease)
Cash & cash equivalents increased to KRW 38.3 billion (from 25.7 billion), FVTPL financial assets up to KRW 13.4 billion, improving liquidity
Debt ratio 36.13% (32.81% at year-end), short-term borrowings unchanged at KRW 15.6 billion
Credit rating upgraded to BB+ (April 2026) from BB- previously
One pending lawsuit of KRW 1.8 billion (defendant); company expects no material impact