Taihan Textile Q1 2026 Performance Improvement: Revenue +13.4%, Operating Profit Turns Positive, Net Loss Narrows

Revenue of KRW 34.9 billion, up 13.4% YoY (prior year: KRW 30.8 billion)
Operating profit of KRW 0.37 billion, turning from a loss of KRW 0.51 billion YoY
Consolidated net loss of KRW 0.27 billion, narrowing from a loss of KRW 0.90 billion YoY; basic EPS loss of KRW 76
Net debt of KRW 21.4 billion, down from KRW 30.8 billion at year-end; gearing ratio improved to 12.09%
Cash and cash equivalents of KRW 19.7 billion, up from KRW 14.7 billion at year-end
Corporate bond credit rating maintained at BB0 (speculative grade, assessed May 2025)
No share buyback or cancellation plans; no recent dividend payments
New business objectives added (textile engineering R&D, textile design); R&D department established and participating in government projects
Three pending lawsuits (company as plaintiff, total approx. KRW 1.65 billion) – management deems immaterial
Collateral provided: factory land etc. KRW 114.3 billion, inventories KRW 36.4 billion; CEO guarantees KRW 19.4 billion and USD 38.71 million