Vidente Reports Q1 2026 Consolidated Net Loss of KRW 40.6B Due to Equity Method Losses from Bithumb and Affiliates

Q1 2026 consolidated revenue KRW 2.8B (vs. KRW 2.1B YoY), operating loss KRW 0.3B (vs. loss KRW 1.4B), net loss KRW 40.6B (vs. net profit KRW 9.3B)
Net loss driven by equity-method losses from associates (Bithumb Holdings, Bithumb, etc.) totaling KRW 30.1B
Total assets KRW 659.8B, liabilities KRW 55.8B, equity KRW 604.0B
Standalone: operating loss KRW 0.28B, net loss KRW 40.5B
Key associates: Bithumb Holdings (30% stake) net loss KRW 92.0B, Bithumb (10.22%) net loss KRW 94.8B
Investment in NPX Terapin Access LLC USA Fund fully impaired (KRW 38.5B); redemption delayed
Subject to listing eligibility review: improvement period until Apr 9, 2026; implementation report submitted; KOSDAQ Market Committee review pending
Prior sanctions (2025): fine KRW 4.658B from FSC for accounting violations; referred to prosecution
Pending litigation: defendant in 'confirmation of non-existence of contract effect' lawsuit (shareholders' agreement dispute re: Bithumb Asset)
Core business (broadcast monitors): modest revenue growth, reduced operating loss; export-focused on LVM/SVM series