Seoul Info Service Q1 Consolidated Net Loss, Treasury Share Cancellation and AA- Credit Rating Maintained
Consolidated Q1 2026: revenue 8.83 billion KRW (slight increase YoY), operating profit 0.27 billion, net loss 0.57 billion (separate net profit 0.36 billion)
Completed cancellation of 355,000 treasury shares (518 million KRW) on March 3, 2026, reducing total shares from 35,500,000 to 35,145,000 → positive shareholder return
Credit rating AA- (이크레더블) maintained for 3 consecutive years, sound financial position (debt ratio 19.1%, net cash 20.96 billion)
Major litigation risk: unjust enrichment claim of 6.45 billion KRW from Hana Bank et al. (secondary defendant), limited impact expected (provision of 0.25 billion recorded)
Subsidiary Seoul Credit Rating continued net loss of 0.24 billion in Q1, weighing on consolidated results
2025 regulatory fines: 1.06 billion KRW penalty and institutional warning, process improvements underway
Q1 operating expenses 8.56 billion (up from 8.33 billion YoY), driven by higher alliance and service fees