Hyulim Robot: Q1 2026 Operating Loss and Major Shareholder Stake Plummets to 0.87%

Consolidated operating loss of KRW 4.6 billion, swinging from a profit of KRW 0.77 billion in the same period last year.
Consolidated revenue fell 40.7% YoY to KRW 30.0 billion from KRW 50.6 billion.
Net loss attributable to controlling interest narrowed to KRW 1.3 billion from KRW 1.8 billion, but operating performance weakened.
Debt ratio improved to 30.7% from 36.1% at year-end 2025.
Credit rating remains low at B- (이크레더블, as of end-2024).
Ongoing criminal trial for capital market law violation (2nd hearing) and three lawsuits against subsidiary Eqcell.
Major shareholder (주)휴림홀딩스 stake dropped sharply to 0.87% after the reporting date due to forced sale from pledge execution.
R&D expenses of KRW 0.58 billion (1.92% of revenue).
Inventory of KRW 14.8 billion with accumulated valuation loss of KRW 3.8 billion.
Non-operating gains, mainly from financial asset valuation, partially offset net loss.