Bankware Global Q1 2026: Revenue 19.3bn KRW, Loss Narrows

Consolidated revenue 19.35bn KRW (+35.9% YoY), SW segment 3.6bn, PS segment 15.74bn
Operating loss 1.18bn KRW (improved from estimated 1.44bn in prior year Q1), net loss 0.48bn KRW (vs 1.88bn loss in prior year Q1)
Debt ratio 157.02% (improved from 163.53% at year-end), cash and equivalents 19.42bn, financial liabilities 12.47bn
Quarterly R&D expense 1.22bn (6.3% of revenue), intangible assets (development cost) increased by 1.07bn
New large customers: Woori Card (3.94bn), SBI Savings Bank (2.15bn), Korea Exchange (1.97bn) contributed to quarterly sales
Total order backlog 43.83bn; subsequent event: capital increase of 1.16bn in subsidiary Bankware Asia