Youngwire: Operating Loss Narrows but Net Loss in Q1; Shareholder Value Efforts via Capital Reduction and Stock Consolidation
Consolidated Q1 2026 revenue: KRW 96.4bn (down 13.1% YoY from KRW 111.0bn); operating loss: KRW 1.4bn (improved from KRW 1.6bn loss); net loss: KRW 1.6bn (vs net profit of KRW 0.6bn in prior year)
Net loss attributable to controlling: KRW 0.9bn; EPS loss: KRW 14
Total borrowings: KRW 133.9bn; net debt ratio: 43.4%
AGM approval (Mar 31, 2026): capital reduction via cancellation of 23,206,855 treasury shares (effective May 6, 2026)
Stock consolidation at 5:1 ratio (approved at EGM on May 12, 2026)
Asset sales: Boryeong idle land disposal completed for KRW 10.4bn (Jan 2026); Changwon Plant A parcel sale contract (balance pending), additional B parcel sale decided (Apr 2026)
Discontinued operations: YH-VINA sale completed; Japan entity in liquidation