Severe Financial Distress and Continued Trading Suspension
Consolidated Q1 2026 operating loss of 1,625 million KRW, net profit of 40 million KRW (including one-off items), accumulated deficit of 51,328 million KRW, and current liabilities exceeding current assets by 26,807 million KRW, raising going concern uncertainty
Trading suspended since April 7, 2025 due to audit opinion denial on 2024 financial statements, meeting formal delisting criteria
Consolidated debt-to-equity ratio of 79.43% (total borrowings 23,113 million KRW), capital funding ratio of 71.36%, indicating weak financial structure
Certain overseas subsidiaries such as IM DIGITAL PHIL, INC. are in capital deficit (equity -16,424 million KRW)
Paid-in capital increase of 3,000,000 shares in February 2026, but cash equivalents decreased from 4,224 million to 2,545 million KRW