Newkidson Swings to Loss in Q1 2026, Enters Self-Share Buyback Trust
Consolidated Q1 2026 operating loss of 509 million KRW, net loss of 468 million KRW (swing from operating profit of 659 million and net profit of 576 million in Q1 2025)
Consolidated revenue of 10,305 million KRW, down 11.9% YoY from 11,695 million
Entered into a self-share acquisition trust contract on March 24, 2026 (part of shareholder return policy)
Major shareholders voluntarily extended lock-up period by an additional 24 months post-merger in 2025
Convertible bond balance of 951 million KRW (conversion price 5,457 won, 27,487 shares remain unconverted)
Amendment to articles: increased issuance limit for convertible bonds and bonds with warrants from 10 billion to 30 billion KRW
Provided 4 billion KRW in operating funds to subsidiary Sogeum Library, which has no revenue yet
2025 actual results fell short of IPO forecasts: revenue by 24.2%, operating profit by 91.3%
Total assets 55,745 million, total liabilities 11,808 million (debt ratio 27%)
Inventory increased to 22,622 million (from 18,895 at end of FY2025), valuation allowance maintained at 892 million