Moorim SP: Q1 Revenue Up, Operating Profit Plunges, Net Loss

Q1 2026 consolidated revenue KRW 57.6bn (+23.4% YoY), operating profit KRW 208mn (-60.3% YoY)
Consolidated net loss KRW 2.46bn (vs loss KRW 132mn in prior year), separate net loss KRW 1.20bn (vs profit KRW 454mn)
Consolidated basic loss per share KRW 111, separate basic loss per share KRW 54
2025 year-end dividend KRW 15/share (prior year: KRW 10), cash dividend payout ratio 33.5% (consolidated)
Pending fine risk from Fair Trade Commission investigation into printing paper price fixing (final amount undetermined)
Subsidiary Moorim Logitech's real estate sale of KRW 53bn in progress (balance not yet received)
End-of-period consolidated assets KRW 344.2bn, liabilities KRW 146.2bn, equity KRW 198.0bn (equity ratio 57.5%)
10% won depreciation would reduce net profit by KRW 4.86bn (USD exposure), floating-rate borrowings KRW 18bn (prior year KRW 13bn)