Gridwiz Q1 2026 Operating Loss KRW 2.2B, Net Loss Improves YoY

Q1 2026 consolidated revenue KRW 20.6B, operating loss KRW 2.2B, net loss KRW 1.3B (improved from Q1 2025 loss of KRW 3.4B operating, KRW 3.0B net)
EPS loss KRW 164 (vs loss KRW 370 a year ago)
Demand response (DR) revenue KRW 16.7B (80.9% of total), slightly down from KRW 17.8B YoY
Cash and equivalents KRW 50.2B, borrowings KRW 20B (KDB), net cash position KRW 30.2B
No dividends or share buybacks
Three ongoing lawsuits including trade secret infringement; financial impact uncertain
Post-period: land acquisition for KRW 10B and additional borrowing of KRW 9B
Credit rating BBB- (eCredible, valid until Jul 2026)