KGA's Q1 2026 Revenue Plunges 92% with Widening Loss

Consolidated Q1 2026 revenue plunged 92.5% YoY to KRW 0.9bn from KRW 12.0bn.
Operating loss of KRW 1.22bn, turning from a profit (or small loss) in Q1 2025.
Net loss widened to KRW 1.57bn from KRW 0.07bn in Q1 2025.
Order backlog of KRW 7.55bn (two contracts with related party Top Material) expected to be recognized as revenue by Sep/Dec 2026.
Signed asset sale agreement for Hwaseong real estate (land+building) for KRW 10.5bn (disclosed Apr 30, 2026) to improve liquidity.
Net debt ratio rose to 56.31% from 54.88% at year-end 2025.
On a separate basis, capital surplus of KRW 41.4bn but retained deficit of KRW 8.5bn.
No dividend or share buyback/cancellation planned.