Hanwha Galleria Reports Consolidated Net Loss in Q1 2026; Department Store Market Share Declines

Correction filing for quarterly report (supplementing omitted disclosures)
Consolidated: Revenue KRW 126.1bn, Operating profit KRW 12.3bn, Net loss KRW 0.8bn (EPS -4 won)
Separate: Revenue KRW 89.8bn, Operating profit KRW 14.8bn, Net profit KRW 14.7bn (EPS 75 won)
Debt ratio: Consolidated 142% (end-2025: 145%), Separate 121% (end-2025: 121%), slight improvement
Department store market share: 6.0% (2025: 6.4%, 2024: 8.0%), continuous decline
No dividend (no dividend policy since establishment)
No share buyback or cancellation plan
Equity method loss from associate (Hanwha Opportunity PF Real Estate Trust No.1): KRW 0.5bn
Pending lawsuits: 3 cases (KRW 1.9bn) but not expected to be material
Accounting policy change: Investment property measured at fair value (increase in assets of KRW 3.3bn and equity of KRW 2.6bn vs prior quarter)
Subsidiaries: 6 (Hanwha Galleria Timeworld, FG Korea, Bino Galleria, Pureplus, Better Scoop Creamery, FG Japan G.K.)