Next Entertainment World Q1 2026: Consolidated Operating Loss, Standalone Net Profit, Convertible Bond Price Adjustment
Consolidated Q1 2026: Revenue KRW 25.6B (down from 30.6B YoY), operating loss KRW 1.4B (vs profit of KRW 0.9B), net loss KRW 1.7B (vs loss of KRW 0.6B).
Standalone: Operating profit KRW 1.1B, net profit KRW 1.6B (vs profit of KRW 1.0B and KRW 1.4B YoY).
Capital gearing ratio improved to 6.0% (from 11.4% at year-end 2025); net debt decreased to KRW 7.7B (from KRW 15.8B).
5th CB conversion price adjusted from KRW 2,280 to KRW 1,781 (May 5, 2026), increasing potential dilution.
Two ongoing lawsuits (unjust enrichment, contract invalidity).
Contingent liabilities including guarantees for subsidiaries total KRW 114.7B.