N-Citron Reports Q1 Consolidated Operating Loss of KRW 1.4B, Approves Capital Reduction and Stock Merger
Consolidated Q1 2026 revenue of KRW 8.47B, down 5.8% YoY
Consolidated operating loss of KRW 1.42B and net loss attributable to controlling interest of KRW 1.00B, continuing losses
Shareholders' meeting on March 31, 2026 approved capital reduction (3→1) and stock merger (2→1) to offset deficits; completed listing change on May 15, 2026
Consolidated accumulated deficit of KRW 58.68B; debt ratio improved to 22.7% from 25.2% at year-end 2025
Holds KRW 12.07B in cash and cash equivalents; separate debt ratio of 4.5%, maintaining financial stability
Semiconductor chip segment revenue of KRW 3.42B (-38.2% YoY); restaurant segment revenue of KRW 4.43B (+58.0% YoY), indicating business restructuring