Handysoft Q1 2026: Operating Loss Persists, Net Profit Turns Positive, Improved Financial Structure

Consolidated revenue KRW 5.92bn (+13.8% YoY), operating loss KRW 0.54bn (improved from KRW 0.73bn loss), net profit KRW 0.47bn (vs loss of KRW 0.46bn)
Separate revenue KRW 5.21bn, operating loss KRW 0.20bn, net profit KRW 0.86bn (vs KRW 0.04bn a year ago)
Net profit boosted by non-operating gains including financial asset valuation gains (KRW 0.76bn)
Debt ratio 15.87%, cash and cash equivalents KRW 43.0bn
Change in largest shareholder to Polaris AI and affiliates in Sep 2025; third-party allotment of KRW 10bn completed
Additional acquisition of Polaris Office shares (3,937,559 shares, KRW 13.07bn) raising stake to 11.31%
'HANDY INTELLIGENCE 2.0' obtained GS Grade 1 certification; AI collaboration solution launched
Credit rating A- (NICE D&B) maintained
Operating loss persists; R&D expenditure 17.89% of revenue