Curiosis Q1 2026: Revenue down 21.5%, net loss improves YoY

Consolidated revenue KRW 1.15 billion, down 21.5% YoY
Consolidated operating loss KRW 1.61 billion, pre-tax net loss KRW 1.48 billion, narrowing from KRW 2.20 billion in Q1 2025
Cash and cash equivalents KRW 21.38 billion, total borrowings KRW 3.14 billion, net cash position
Credit rating e-6+ (NICE D&B), low
FY2025 results significantly missed IPO forecasts: revenue 33% below, operating loss 2.9x higher
R&D expenditure KRW 1.19 billion (112% of revenue), continued high investment
Yongin plant expansion completed (Feb 2026), expected to boost production capacity
No dividend or share buyback plans