DHX Company Faces Delisting Due to Audit Denial and Sustained Operating Losses

Trading suspended from April 3, 2026 due to auditor's 'denial of opinion' on 2025 annual report; delisting event triggered, objection filed, improvement period granted until April 10, 2027.
On April 7, 2026, third-party allotment completed (8,020,000 shares, 4,010 million KRW) resulting in change of largest shareholder from Pofuture Development to Primecore Co., Ltd.
Q1 2026 consolidated operating loss of 1,941 million KRW (vs. 1,974 million loss in Q1 2025), net loss of 1,922 million KRW (vs. 2,820 million). Revenue decreased 15.3% to 3,194 million KRW.
Consolidated assets 43,300 million, liabilities 24,948 million, equity 18,352 million; debt-to-equity ratio 136%.
Allowance for bad debts ratio 78.78% (trade receivables 76.16%, loans 96.89%). Five lawsuits as plaintiff with total claim amount of 7,325 million KRW.
Convertible bonds outstanding 6,879 million KRW (series 32 & 33, maturity 2028), short-term borrowings 1,672 million, long-term borrowings 3,591 million (including current portion).
Separate cash and cash equivalents 4,220 million KRW (increase from 682 million at year-end).