WoodeumGee Farm Q1 2026: Revenue Decline and Operating Loss… Financial Deterioration

Consolidated Q1 2026 revenue: KRW 12.4bn (down 15.2% YoY), operating loss of KRW 2.2bn (vs. profit of KRW 0.6bn), net loss of KRW 2.7bn.
Debt ratio rose to 107% (from 93% at year-end 2025), equity decreased to KRW 35.4bn.
Negative operating cash flow (-KRW 1bn).
Merger with subsidiary WoodeumGee Bio did not offset weak performance.
Post-report: KRW 7bn CB issuance and KRW 12.6bn debt guarantee for NaInFarm.
Patent lawsuit ongoing (appeal), but company won first and second trials; limited risk.
EPS (consolidated): -KRW 56 (vs. -KRW 2).
No dividend.