Good People, Q1 2026 Consolidated Operating Loss of 1.46B KRW, Net Loss of 1.48B KRW

Consolidated Q1 2026 revenue of 15.32B KRW, operating loss of 1.46B KRW, net loss of 1.48B KRW (vs. Q1 2025: revenue 15.99B KRW, operating loss 2.37B KRW)
Debt ratio increased sharply to 63.63% from 48.03% at year-end 2025 (total liabilities 35.61B, total equity 55.96B)
6 ongoing criminal lawsuits (breach of trust/embezzlement) totaling approx. 60B KRW and 3 civil lawsuits totaling approx. 12.25B KRW
Operating cash flow negative 0.76B KRW (vs. -2.17B in prior period), continuing losses
Inventory increased to 37.15B from 33.45B; accounts receivable slightly increased to 7.79B
Total borrowings of 14.5B KRW (short-term 6B, current portion of long-term 8.5B) up from 11.5B at prior year-end
No dividends (no dividends for the past 3 years)
New subsidiary (K-Players Co., Ltd.) consolidated in Q1 2026