HanWool Materials Science: Q1 2026 Consolidated Operating Loss of 3.65 Billion Won, Net Loss of 4.97 Billion Won

Consolidated revenue KRW 1.53B, operating loss KRW 3.65B, net loss KRW 4.97B (narrowed net loss vs. prior year period)
Credit rating maintained at 'BB-' (NICE)
Deepening capital deficit: retained earnings -KRW 65.5B, debt-to-equity ratio 252%
Current liabilities KRW 78.2B vs. current assets KRW 18.6B, liquidity risk
No share buyback/cancellation or dividend plans
Major litigation: damage claim of KRW 663M from Korea Railroad Corp. et al. (first trial ongoing)
Dilution risk from conversion/exercise of convertible bonds and bonds with warrants