Ontide Reports Q1 2026 Consolidated Net Loss of KRW 5.17B, Operating Loss Widens, Credit Rating BB-

• Consolidated net loss of KRW 5.17B in Q1 2026 (vs. net profit of KRW 0.29B in prior quarter)
• Operating loss widened to KRW 5.52B (vs. KRW 1.86B loss in same period last year)
• Net debt-to-equity ratio rose to 13.61% (from 3.95% at end of 2025)
• Allowance for doubtful accounts maintained at high 47.39%
• Credit rating at BB- (NICE, Korean Ratings)
• Major shareholder changed to Yakjin Tong-sang (March 2026)
• Articles of incorporation amended, including stock split (KRW 500 → KRW 1,000)
• No share buyback or cancellation plans