E-STARCO Q1 2026: Operating loss 0.3B won, net loss 0.7B won; debt ratio 128.5%

Revenue of 3.4B KRW, up 11.3% YoY from 3.05B, but operating loss of 0.3B KRW
Net loss of 0.72B KRW, narrowing from 0.94B loss in prior year same period
Debt ratio improved to 128.5% from 136.8% at end of prior year
Operating cash flow deeply negative at -4.94B KRW, worsening from -1.89B in prior period
Treasury shares held: 2,960,641 shares (6.91%), no buyback or cancellation in Q1
Total borrowings: 33.25B KRW (short-term 31.14B), interest rates 4.33%-7.30%
Large loans to related party (Starconet) repaid 9.55B KRW, collateral provided 26.94B KRW