TBH GLOBAL: Q1 2026 Loss Narrows, Aggressive Share Buyback and Cancellation Boost Shareholder Returns
Consolidated revenue of 47.29 billion KRW (+16.9% YoY), operating loss of 0.91 billion KRW (vs. loss of 2.78 billion KRW in Q1 2025), significantly narrowing losses
Consolidated net loss attributable to parent of 2.54 billion KRW (vs. loss of 2.77 billion KRW), basic loss per share of 124 KRW (vs. loss of 133 KRW)
Full cancellation of 398,563 existing treasury shares (completed on April 28, 2026), reducing only total shares outstanding without capital reduction
New 5 billion KRW trust agreement for treasury share acquisition (Feb 20, 2026 – Feb 19, 2027) to enhance shareholder value
Finalized cash dividend of 50 KRW per share for fiscal 2025 (total approx. 1 billion KRW), maintaining dividend for three consecutive years
Consolidated net debt of 8.04 billion KRW, net debt ratio 13.7% (up from 8.9% at end-2025) due to increased short-term borrowings
Foreign currency liabilities of 19.2 billion KRW; a 10% change in exchange rates would impact profit/loss by approx. 1.4 billion KRW (mainly USD, EUR, CNY)
Subsidiary TBH KOREA (40.40% stake) generated Q1 revenue of 4.87 billion KRW and net income of 0.1 billion KRW
Operating cash flow turned positive to 0.58 billion KRW (vs. -2.22 billion KRW in Q1 2025)
Reversal of inventory valuation allowance of 1.2 billion KRW (vs. 0.3 billion KRW allowance in prior year), improving cost of sales