INCON Q1 2026: Operating Loss, Net Profit Up on Financial Gains, Capital Structure Improved
Q1 2026 revenue KRW 6.36B (-53.1% YoY), operating loss KRW 0.61B (vs. profit of KRW 0.74B in prior year)
Pre-tax net profit KRW 2.56B (+506% YoY) driven by fair value gains on convertible bonds (KRW 1.36B) and interest income
Debt ratio 9%, cash holdings KRW 23.44B, no interest-bearing debt; solid financial stability
Share consolidation (par value 100 won → 500 won, effective Apr 15, 2026) and capital reduction surplus (KRW 31.09B) used to offset deficit; retained earnings turned positive
Post-period decisions: acquisition of new office building and issuance of 13th private convertible bonds
Ongoing litigation for former executives' breach of trust; allowance for doubtful accounts on trade receivables at 41.4%