TN Entertainment Q1 Sales Plunge 44%, Swings to Operating Loss

Q1 2026 revenue KRW 19.3B, down 44% YoY (from KRW 34.4B)
Operating loss KRW 0.88B (vs operating profit KRW 2.04B YoY)
Net loss KRW 1.91B (vs net profit KRW 1.44B YoY)
Basic EPS loss KRW 59 (vs EPS profit KRW 51 YoY)
Debt ratio improved to 31.26% (from 33.08% at year-end)
Entertainment segment operating loss KRW 0.33B; F&B segment operating profit KRW 0.48B
Unpaid tax penalty KRW 5.43B for false tax invoices; prosecution expected (disputed)
Four pending lawsuits including KRW 0.5B claim from Korea Music Copyright Association
KRW 0.48B valuation loss on FVTPL financial assets
Cash and cash equivalents KRW 7.57B, down KRW 1.44B from year-end