Genohco Q1 2026: Net loss narrows, debt ratio improves to 38% after convertible bond conversion

Revenue of 11.58 billion won (+9.9% YoY), operating loss of 1.23 billion won (widened from 0.87 billion loss in prior year period)
Net loss of 0.82 billion won (narrowed from 1.02 billion loss YoY), basic loss per share of -84 won (improved from -136 won)
Debt ratio improved to 38% (from 69% at year-end 2025), driven by conversion of 15 billion won convertible bonds reducing debt and increasing equity
Cash and cash equivalents of 34.77 billion won (up from 29.59 billion at year-end 2025), no borrowings
Largest shareholder KAI holds 34.41% stake; new contracts including 5.6 billion won LEO satellite OBC development
Convertible bond balance reduced to 4.68 billion won (from 18.38 billion), additional 0.5 billion won conversion in April 2026
No share buyback, cancellation, or dividend plans