SurplusGLOBAL Reports 29% Revenue Drop and Operating Loss of KRW 4.45 Billion in Q1 2026

Consolidated revenue KRW 36.6 billion (down 29% from KRW 51.9 billion in Q1 2025), operating loss KRW 4.45 billion, controlling interest net loss KRW 7.2 billion (vs KRW 3.1 billion net loss in Q1 2025)
Debt ratio 139.7% (liabilities KRW 243.4 billion, equity KRW 174.3 billion), high borrowings: short-term KRW 115.4 billion, long-term KRW 35.3 billion, bonds KRW 34.3 billion
Interest expense KRW 1.64 billion, foreign exchange loss KRW 0.96 billion, continuing financial burden
Operating cash flow -KRW 0.21 billion (improved from -KRW 29 billion in Q1 2025 but still negative)
Inventories KRW 182.9 billion, inventory valuation loss KRW 4.46 billion (vs KRW 2.08 billion in Q1 2025), expansion of inventory impairment
One lawsuit pending (KRW 50 million claim), not material
No shareholder return policies such as share buybacks or dividends