HNK Machine Tool: Q1 2026 Net Loss of 1.47 Billion Won, Continued Losses and Deteriorating Financial Structure

Q1 2026 (29th period) revenue: 4.49 billion won (down 35% YoY), operating loss 1.52 billion won, net loss 1.47 billion won
Continued losses after 2025 full-year net loss of 8.09 billion won; failed to return to profit from 2024 net profit of 1.5 billion won
Total liabilities: 45.46 billion won; total equity: 32.71 billion won (deficit of 7.77 billion won); debt-to-equity ratio of 139%
Total borrowings: 13.8 billion won (short-term 11.1 billion, long-term 2.7 billion)
Allowance for doubtful accounts on receivables: 0.88 billion won (36.8% ratio); inventory: 54.01 billion won (69.1% of total assets)
No dividends paid (no dividends for past 5 years); no share buyback or cancellation plans
CEO provides guarantees to banks (e.g., Industrial Bank of Korea) totaling USD 1.2M~6.7M and KRW 3.6 billion