TKG AIKANG Q1 2026 Consolidated Operating Loss of 3.16 Billion Won Continues; Largest Shareholder Increases Stake to 68.96% via Tender Offer
Q1 2026 consolidated revenue: 16.95 billion won (up from 11.18 billion won YoY, due to subsidiary consolidation); operating loss: 3.16 billion won; net loss: 2.59 billion won
Separate revenue: 11.80 billion won; operating loss: 0.91 billion won (improvement from 2.09 billion won loss in Q1 2025); net loss: 0.83 billion won
In April 2026, largest shareholder TKG Taekwang completed a tender offer, increasing stake from 47.53% to 68.96% (aiming for delisting and full subsidiary status)
Total liabilities: 54.34 billion won; short-term borrowings: 6.51 billion won; long-term borrowings: 30 billion won; continued high financial burden
Pending lawsuits: 5 cases (total 275 million won); management believes no material impact