Hansaemk Q1 2026: Operating Profit Turns Positive, Net Loss Persists; Financial Structure Improvement Needed

Consolidated revenue KRW 66.02bn, operating profit KRW 0.37bn (turned positive from operating loss in prior year period)
Consolidated net loss narrowed to KRW 1.38bn (from KRW 10.78bn loss in prior year period)
Standalone revenue KRW 59.86bn, operating profit KRW 0.16bn, net loss KRW 11.38bn
February 2026: 2-for-1 stock split (face value changed from KRW 500 to KRW 1,000)
6th convertible bonds outstanding KRW 10bn, conversion price KRW 1,558, convertible into 6,418,485 shares (anti-dilutive as market price below conversion price)
Total liabilities KRW 267.8bn vs equity KRW 14.5bn, indicating weak financial structure
All overseas subsidiaries (China, Japan) are in capital impairment; additional impairment loss of KRW 2.15bn recognized during the quarter
No dividends paid since 2018; no plan for additional share buyback or cancellation