ESteam Posts Q1 2026 Operating Loss; Capital Strengthened After KOSDAQ Listing


  • Q1 2026 consolidated revenue: KRW 5.896bn (down 20.8% YoY), operating loss KRW 568mn (vs profit KRW 2.462bn YoY), net loss KRW 451mn
  • Standalone: revenue KRW 5.261bn, operating loss KRW 591mn, net loss KRW 473mn
  • Segment: Content 76.97%, Management 22.46%, Other 0.57%
  • After KOSDAQ listing in Mar 2026, capital increase (1,854,000 shares) raised share capital to KRW 4.342bn (from KRW 3.415bn), total equity to KRW 29.986bn (from KRW 15.403bn)
  • Debt ratio improved to 28.19% (from 62.77%)
  • Cash and cash equivalents: KRW 24.305bn (from KRW 11.619bn)
  • Key subsidiary: Speaker Co. (96.27% stake), pre-tax profit KRW 21.21mn
  • New business: K-fashion brand incubation underway; investment in brand 'Nache' completed in Apr 2025
  • Contingent liabilities: no pending lawsuits; SGI Seoul Guarantee Insurance contract guarantee of KRW 98.34mn
  • Dividend: not disclosed (N/A)

KOSDAQ Filing Information


  • Filing: Quarterly Report (2026.03)
  • Company: ESteem (458350)
  • Submission: ESteem Co., Ltd.
  • Receipt: 05-14-2026