Russell Q1: Parent Turns Profitable, Treasury Stock Disposal

Parent: Revenue ₩4.44B (+222% YoY), Operating profit ₩0.20B (vs -₩0.85B loss), Net profit ₩0.28B (vs -₩0.64B loss)
Consolidated: Revenue ₩4.98B (+229% YoY), Operating loss ₩0.35B (improved from -₩1.56B), Net loss ₩0.41B (improved from -₩1.44B)
Disposal of 1.4M treasury shares via block trade (out of 2,804,126) → increased floating shares to 30,407,874
Credit rating downgraded to BBB (from BBB+)
Subsidiary Russell Robotics facing lawsuit for ₩3.29B construction payment (contingent liability)
Convertible bonds: ₩5.0B (conversion price ₩4,047), derivative liability ₩0.29B
Cash & equivalents ₩25.96B, net debt negative (-₩17.63B), sound financial structure