Q1 2026 Consolidated Operating Loss of KRW 9.5B, Net Loss of KRW 18.2B - Continued Financial Deterioration

Consolidated: Revenue KRW 46.7B (down 18.4% YoY), operating loss KRW 9.5B, net loss KRW 18.2B
Separate: Revenue KRW 23.3B, operating loss KRW 7.5B, net loss KRW 6.8B
Sales segment revenue plunged 60.9% (KRW 5B), operations segment revenue down 6.2% (KRW 41.7B)
Debt ratio: Consolidated 112.7% (improved from 121.7% at end of prior year)
Treasury shares: 2M shares sold in Jan 2026 (KRW 15.2B), no holdings left; total 3M shares retired in 2023-2024
Convertible bonds: 6th series KRW 15B converted into 2.6M shares, zero balance outstanding
Contingent liabilities: Loan limit KRW 656.9B, drawn KRW 623.8B; collateral assets KRW 869.5B; attachment KRW 49B related to subsidiary
Litigation: Two construction cost claims by Shinsegae (KRW 5B, KRW 1.4B); prosecution appeal after not-guilty verdict in first trial
Tax: Subsidiary Villaged Ananti PFV's acquisition tax imposition of KRW 2.57B revoked (Apr 2026 tax tribunal ruling)