Winix Posts Consolidated Net Loss of 31.8B Won in Q1; Airline Subsidiary Deepens Loss, Debt Ratio Soars
Consolidated Q1 2026: revenue 123.2B won, operating loss 21.7B won, net loss 31.8B won (vs. net profit of 48.6B won in Q1 2025)
Parent company: operating profit 0.47B won, net loss 0.85B won; core business remains profitable but airline subsidiary (Parata Air) recorded net loss of 32.6B won, dragging overall results
Consolidated debt ratio surged to 338% from 234% at year-end 2025; separate debt ratio up to 98% from 74%
Approved cash dividend of 100 won per share for FY2025 (down from 300 won in prior years)
Completed tax audit penalty of 11B won for 2020-2024
US subsidiary Winix America involved in false advertising lawsuit (arbitration indefinitely postponed)