ERCOHS Agricultural: Q1 2026 Operating Loss of 5.8 Billion Won, New 13.5 Billion Won CB Issued and First Dividend Paid
Q1 2026 consolidated revenue 8.77 billion won, operating loss 0.58 billion won, net loss 0.92 billion won (loss narrowed from Q1 2025: revenue 8.16 billion, net loss 2.73 billion)
Issued 3rd unregistered private convertible bonds of 13.5 billion won (conversion price 12,924 won, maturity 2031, 0% coupon), recognized derivative liabilities of 12.43 billion won
Declared cash dividend of 130 won per share (total 0.98 billion won) – first dividend since KOSDAQ listing in 2025
Net debt ratio increased to 110.91% (from 81.66% at end of 2025), indicating higher leverage
Export share rose to 6.23% of total revenue, expanding into new markets such as US and Canada
Secured exclusive rights to growth-promoting functional material WCO31, advancing into bio healthcare business
Parent company equity 53.71 billion won, debt-to-equity ratio 109.5%