Samhwa Networks: Q1 2026 Revenue Plummets, Operating Loss Continues, Share Buyback Underway


  • Consolidated Q1 2026 revenue KRW 353M (down 46% YoY from KRW 654M), operating loss KRW 1.35B (vs loss KRW 1.55B), net loss KRW 1.27B (vs loss KRW 1.26B)
  • Entered into share buyback trust agreement on March 5, 2026, acquiring 865,790 shares (KRW 808M). Treasury shares held: 4,449,337 shares (10.31%) as of report date
  • Announced stock consolidation on Feb 27, 2026 (par value KRW 200→500), effective May 5, 2026
  • Consolidated debt ratio increased to 19.58% (from 15.59% at year-end). Short-term borrowings KRW 622M, including loans from executives
  • Subsidiary Studio Icon completed KRW 850M capital increase; both WS Entertainment and Studio Icon continued operating losses
  • Allowance for doubtful accounts maintained at KRW 1.07B (flat vs prior year); full allowance on short-term loans of KRW 814M
  • Intangible assets (membership rights) KRW 1.70B (including new acquisition KRW 0.9B); received KRW 385M government grants for content production

KOSDAQ Filing Information


  • Filing: Quarterly Report (2026.03)
  • Company: Samhwa Networks (046390)
  • Submission: Samhwa Networks Co., Ltd.
  • Receipt: 05-15-2026