E-World Q1 2026: Operating Profit Turns Positive, Net Loss Continues

Operating profit turned positive: Q1 2026 operating profit 2.45 billion KRW (vs. -2.4 billion in same period last year)
Net loss continued: 1.73 billion KRW net loss (vs. -3.3 billion a year ago) → loss narrowed
Segment performance: Theme park operating loss 1.44 billion, Jewelry operating profit 1.68 billion
Total borrowings 137.4 billion KRW, net debt ratio 39% (same as year-end 2025)
Accumulated deficit 132.4 billion KRW, no dividends possible
Largest shareholder E-Land World holds 43.42%, with related parties 62.64%
Contingent liabilities: potential joint guarantee of 2.14 billion KRW (unconfirmed), one pending lawsuit (immaterial)
No share buyback, cancellation, or dividend plans