Cellumed improves financial structure with 17 billion won capital increase... Change in largest shareholder and sharp drop in debt ratio


  • Completed a third-party allotment capital increase of 17 billion won, with TDI Landmark Union 1 becoming the new largest shareholder (replacing InscoBI)
  • Consolidated debt ratio plummeted from 625.94% to 186.87%; separate debt ratio improved from 215.54% to 86.64%
  • Consolidated net borrowings turned negative, from 5.46 billion won to -5.79 billion won (net cash position)
  • Consolidated Q1 revenue of 23.4 billion won, operating loss of 1.58 billion won, net loss of 1.71 billion won
  • Accumulated deficit of 144.8 billion won; capital impairment resolved but losses persist
  • Final settlement of Endotec royalty lawsuit for 17.6 billion won, with remaining payable of 11.0 billion won
  • Pursuing new businesses such as mRNA vaccine production enzymes; holds 54 patents
  • No shareholder return plans such as treasury stock cancellation or dividends

KOSDAQ Filing Information


  • Filing: Quarterly Report (2026.03)
  • Company: CELLUMED (049180)
  • Submission: CELLUMED CO., LTD.
  • Receipt: 05-15-2026