Neptune Corp. Reports Q1 2026 Consolidated Net Income of 6.1 Billion KRW, Retained Earnings Turn Positive

Q1 2026 consolidated revenue of 31.4 billion KRW (vs 31.6 billion YoY), operating profit 1.7 billion, net income attributable to parent 6.1 billion (EPS 137 won).
Retained earnings turned from negative (-35.2 billion) to positive (191.0 billion) after capital surplus reduction of 220 billion.
In July 2025, the largest shareholder changed from Kakao Games to Krafton.
Completed absorption merger with subsidiary Tripla on April 1, 2026 (1:0 merger ratio).
Holds 1,808,899 treasury shares (3.87%), plans to grant up to 164,012 shares for employee compensation before 2027 AGM.
Recognized impairment loss of 0.3 billion on virtual asset BORA; holds 2,721,310 tokens at 53.80 won each.
Put and call option agreements exist from subsidiary acquisitions; not recognized as liabilities due to low probability.
Credit rating: BBB0 (SCI Rating).