Fine DNC's Q1 2026 Revenue Plunges, Operating Losses Widen; Financial Deterioration Continues

Consolidated Q1 2026 revenue: KRW 137.5bn (down 52% YoY)
Operating loss of KRW 1.02bn vs operating profit of KRW 0.63bn in prior year period
Net loss of KRW 1.10bn (compared to loss of KRW 0.50bn in prior year period)
Net debt-to-equity ratio at 56.46% (56.02% at year-end), maintaining high leverage
Outstanding convertible bonds and bonds with warrants: KRW 8.49bn, posing potential dilution
Lawsuit for unjust enrichment of KRW 0.57bn pending
Stock split (5:1) executed; no share buyback, cancellation, or dividend plans