Baekgeum T&A Reports Q1 2026 Operating Loss… Revenue Decline and Inventory Surge

Consolidated Q1 2026 revenue: KRW 29.7B, down 16.4% YoY (Q1 2025: KRW 35.5B)
Operating loss of KRW 0.33B (vs operating profit of KRW 2.7B in Q1 2025), negative
Net income of KRW 0.69B, sharply down from KRW 2.7B in Q1 2025
Debt-to-equity ratio 26.18%, up from 12.39% at end-2025 (increase in net debt)
Cash and cash equivalents at KRW 4.88B, down from KRW 11.44B at end-2025
Inventory surged to KRW 38.7B from KRW 22.1B at end-2025 (75% increase), also accounts payable increased
Key subsidiary MTOmega recorded net loss of KRW 0.93B (vs net profit of KRW 0.82B in Q1 2025)
Standalone operating profit of KRW 0.35B, lower YoY but still positive
Paid cash dividend of KRW 100 per share for FY2025 (total KRW 1.6B) – historical information
Cha Partners Asset Management increased stake to 6.19% (as of Apr 23, 2026), a positive signal