Metalabs Q1 2026: Revenue Surge, Operating Profit Turnaround, Net Loss Narrowed

Consolidated revenue: 30.4B won (up 260% QoQ from 8.4B), driven by fashion, consulting, healthcare
Operating profit: 501M won (swing from loss of 800M in prior Q), improved margins in healthcare/consulting
Net loss: 286M won (sharp reduction from 12.4B loss in FY2025), pre-tax loss 306M
Assets: 240.6B won (investment property 71.3B, PPE 17.8B), debt-to-equity 70%
Convertible bonds (14th series 15.6B, 17th series 10B) and derivatives: assets 8.7B (put options), liabilities 3.9B (redemption rights)
Put option on TechLabs shares (744M) exercisable if not listed by 2028, extended from 2025
Litigation: penalty claim by Chokobam Media 2.78B (1st trial), deposit return 960M (1st trial)
Credit rating: B+ (NICE P&I, Hyundai Accounting Corp.), consolidated deficit 4.7B won
Governance: largest shareholder Wiver Labs (40.15%), owner family control strengthened