ONEUL E&M: Continued Losses, Credit Downgrade to CCC+, Tax Provision of 54.3B Won, Going Concern Uncertainty
Consolidated Q1 2026 revenue increased to 5.1B won (vs 3.0B won in prior period), but operating loss of 0.39B won and net loss of 1.24B won
Credit rating downgraded to CCC+ (Korea Data, April 7, 2026)\- Tax dispute amounting to approximately 110.5B won (corporate tax and VAT), provision of 54.3B won, litigation pending
Current liabilities exceed current assets (consolidated 24.6B won, separate 30.1B won); going concern uncertainty
Subsequent event: decision to transfer robot business division (April 24, 2026)
Issuance and conversion of 5th CB, stock consolidation occurred; no dividend or share buyback plan