Hurum: Consolidated Q1 2026 Operating Loss, Credit Rating Upgrade and Dividend

Q1 2026 consolidated revenue KRW 23.05B (down 8.6% YoY), operating loss KRW 0.22B (vs profit in prior year)
Consolidated net loss KRW 0.38B (vs loss of KRW 0.004B in Q1 2025)
Separate revenue KRW 18.14B, operating profit KRW 0.42B (up from KRW 0.21B YoY), net profit KRW 0.15B (vs loss of KRW 0.18B)
Credit rating upgraded from BB+ to BBB- by Korea Data (May 6, 2026)
Cash dividend of KRW 80 per share (total ~KRW 3.15B) approved at AGM
Stock split executed (April 10, 2026; par value changed to KRW 500, total shares adjusted to 7,875,684)
Total borrowings KRW 43.93B, net debt KRW 26.19B, debt-to-capital ratio 37.98% (up from 34.01%)
Subsidiary WY (주) recorded net loss of KRW 0.58B in Q1 2026
Derivative liabilities KRW 10.67B, convertible bonds KRW 8.57B, redeemable convertible preferred shares KRW 6.02B
Foreign exchange risk: 10% USD change impacts net profit by up to KRW 0.40B