Studio Mir Q1 2026 Weak Performance, Cash Decline and Auditor Appointment Failure

Consolidated revenue KRW 3.55bn (down 6.5% YoY from KRW 3.80bn)
Consolidated net loss KRW 0.22bn (improved from loss of KRW 0.74bn a year ago)
Separate net loss KRW 0.19bn (widened from loss of KRW 0.08bn a year ago)
Cash KRW 19.9bn (down 13.7% from KRW 23.1bn at year-end 2025)
US subsidiary STUDIO MIR US INC has negative equity of KRW 5.34bn (capital impairment)
Auditor appointment rejected at 16th AGM (March 30, 2026) due to lack of quorum
No shareholder return activities (no dividends or share buyback/cancellation)
After period end (Apr 29, 2026), signed OTT content production contract with Netflix (expected future revenue contribution)