Mobirix Swings to Profit in Q1 2026…Cash 33.3B Won, Debt-Free

Q1 2026 net profit of 1.53 billion KRW (vs net loss of 2.94 billion in Q1 2025)
Operating profit of 1.01 billion KRW (vs operating loss of 3.05 billion)
Revenue decreased 27% YoY to 7.22 billion from 9.89 billion
Cash and cash equivalents 33.3 billion KRW, no borrowings, debt ratio 9%
Merger with subsidiary Mobirix Partners completed, eliminating financial investment segment revenue
Long-term prepaid expenses of 12.5 billion with 12.2 billion allowance for doubtful accounts (high risk)
Granted 330,000 new stock options (exercise price 2,532 won)
No share buyback, cancellation, or dividend