RaonSecure Q1 2026: Operating Loss Widens, Net Loss Recorded

Consolidated revenue KRW 9.42bn (down 13.5% YoY from KRW 10.89bn)
Consolidated operating loss KRW 2.15bn (improved from KRW 2.89bn loss in Q1 2025), net loss KRW 2.15bn (vs. KRW 2.84bn loss)
Separate revenue KRW 9.42bn (up 13.1% YoY), operating loss KRW 1.85bn (improved), net loss KRW 1.88bn
R&D expense ratio 29.78% (high R&D investment continues)
Zero borrowings, debt ratio 33.63% (sound financial structure)
Subsidiary InbizNet disposed, removing ARS authentication revenue from consolidation
No shareholder return (no share buyback/cancellation or dividends)