Basic EPS 19 won (vs 9 won in prior quarter, +111%)
Free reduction (reverse stock split) resolved on Jan 16, 2026: 5 common shares merged into 1, capital reduced from KRW 42.2 billion to KRW 8.4 billion
Subsidiary AGM Mining LLC (Mongolia mining): net deficit KRW 17.9 billion, quarterly loss KRW 0.26 billion, cumulative loss KRW 9.8 billion; full allowance for impairment on company loans of KRW 11.3 billion
Related party loans: USD 5 million (approx. KRW 7.57 billion) to PARTRON VINA with partial allowance; investment of KRW 0.11 billion in Partron ESL
No share buyback, cancellation, or dividend plans (only dividend policy in articles)
Cash and cash equivalents KRW 119.4 billion (down from KRW 134.1 billion year-end), short-term borrowings KRW 36.0 billion (up from KRW 34.2 billion)
Inventories KRW 7.74 billion (up 63% from KRW 4.75 billion year-end) - in line with sales growth
R&D expenses zero (0% of sales vs 1.53% in prior period) - R&D suspended