SONOKONG Revenue Surges but Operating Loss Persists; Net Profit Turns to Black Due to Derivative Gains

Q1 2026 consolidated revenue 38.39bn KRW (approx. 8x YoY increase, due to auto segment inclusion)
Operating loss 0.74bn KRW (narrower YoY)
Net profit 3.41bn KRW turned positive driven by derivative valuation gains
CBs outstanding 24.5bn (carrying 8.5bn), derivative liabilities 5.7bn
Associate Exicure Hightron delisted (risk of impairment loss)
Two pending lawsuits (0.5bn claim)
Capital surplus 75.3bn, accumulated deficit 62.8bn
No shareholder returns (no share buyback/cancellation/dividends)