FineDigital Q1: Credit downgraded (BBB-), loss narrows, dividend maintained

Consolidated Q1 revenue: 14.7B won (YoY↓), operating loss 1.6B won (vs 2.0B), parent net loss 0.45B won (vs 1.2B) → loss narrowed
Credit rating: Mar 2026 regular evaluation BBB- (prev BBB+), cash flow rating C+ (prev B) → downgrade
Dividend: 2025 year-end dividend paid 398M won (consolidated, ~40 won/share), maintained consecutive dividend; no share buyback/cancellation
Net cash: 56.9B won (cash+short-term deposits 63.2B - liabilities 6.3B), zero debt, stable financial structure
EPS: -56 won (vs -151 won in Q1 2025) → loss per share decreased
Goodwill 80M won, contingent liabilities 635M won (performance guarantees)