Medience Swings to Profit in Q1 2026 Despite Slight Sales Decline

Consolidated net profit of 2.13 billion KRW in Q1 2026, a turnaround from a full-year loss of 6.02 billion KRW in the previous fiscal year
Consolidated sales decreased 2.5% to 11.9 billion KRW from 12.2 billion KRW in the same period last year
Separate operating profit of 23 million KRW, down from 70 million KRW in the prior year period
Impairment losses set: 393 million KRW for receivables from (주)맘스맘 and 147 million KRW for receivables from Mos Borui Information Technology Co., Ltd.
Ongoing administrative lawsuit against Yesan-gun regarding subsidy recovery (claim amount: 6.6 billion KRW)
Chinese subsidiary Medience (China) Commerce Co., Ltd. increased registered capital to 52,789,019 RMB after merger, with an obligation to pay 50 million RMB by July 10, 2030