2026 Q1: Revenue up 35% but operating loss widens; order backlog of 50.3bn won; debt ratio rises
Consolidated Q1 2026 revenue 20.57bn won (+35.3% YoY), operating loss 3.91bn (vs 3.11bn loss a year ago), net loss 1.54bn (vs 5.63bn loss), narrowing net loss
Standalone: revenue 20.49bn won, operating loss 4.06bn, net loss 1.71bn
Order backlog 50.27bn won (end of Q1)
Debt ratio 201.2% (end of 2025: 191.3%), increased
Convertible bond 34.5bn won (conversion price 43,410 won), derivative liability 27.44bn (related to put option)
Contingent liability from construction lawsuit: approx. 7.4bn won (10% stake in consortium)