Approved a 10:1 reverse stock split at the shareholder meeting on March 25, 2026 (record date April 27) to cover accumulated deficit and improve financial structure
Q1 2026 consolidated revenue of KRW 10.1 billion, operating profit of KRW 577 million, net profit of KRW 659 million, turning profitable compared to an annual net loss of KRW 211 million in 2025
Current ratio of 0.32x indicates liquidity risk (current liabilities KRW 64.9 billion vs current assets KRW 20.6 billion)
Consolidated retained earnings deficit of KRW 70.9 billion remains large
Recognized a derivative asset of KRW 7.44 billion for a put option on investment in associate TechLabs, with listing deadline extended to 2028
Subsidiary MomoLabs has negative equity (KRW -1.7 billion) but recorded a net profit of KRW 490 million in Q1
Ongoing lawsuit: real estate brokerage commission case of KRW 247.5 million pending in first trial