Wizit: 3:1 Capital Reduction with Mixed Operating Profit Growth

Decided and completed a 3:1 capital reduction (reduction ratio 66.67%, post-reduction shares 39,464,095, capital 19.7bn KRW, record date 2026.04.30, listing date 2026.05.21)
Separate Q1 2026 revenue 9.46bn (+16% QoQ), operating profit 0.39bn (+17% QoQ), net profit 0.80bn (similar)
Consolidated revenue 116.0bn (+1.7% QoQ), operating profit 4.03bn (+97% QoQ), net profit 1.88bn (-41% QoQ)
Consolidated operating cash flow -7.09bn (worsened from +10.78bn), separate operating cash flow -0.60bn (improved from -1.41bn)
Adjustment of conversion prices for 10th and 11th CBs (708→753 won, then to 2,259 won after reduction)
Significant increase in equity-accounted investments (68.8bn→115.6bn, including stake in GTF Holdings)
Credit ratings: NICE D&B BBB0, iCreDB BB+ (investment grade)
No dividends, no share buyback/cancellation plans