YTN Reports Q1 2026 Operating Loss of KRW 7.1B: Narrowed Deficit, Sound Financial Structure

Q1 2026 revenue KRW 26.9B (+4.0% YoY), operating loss KRW 7.1B (from KRW 9.8B loss, -27.8%), net loss KRW 5.6B (from KRW 8.8B loss, -36.4%)
Total assets KRW 335.2B, liabilities KRW 110.4B, equity KRW 224.8B (debt ratio 49.1%)
Cash & equivalents (KRW 29.1B) + short-term financial instruments (KRW 110.1B) = KRW 139.2B, borrowings KRW 0 (limit KRW 8B)
Goodwill KRW 18.5B, no impairment recognized after impairment test
Allowance for doubtful accounts on trade receivables KRW 9.5B (similar to prior year), additional provision KRW 7M
Equity method losses from associates KRW 149M (YTN DMB, YTN Radio)
Prior year impairment losses on PPE (KRW 1.4B), intangible assets (KRW 340M), right-of-use assets (KRW 335M); none in current quarter
9 ongoing lawsuits (amount undisclosed, outcome unpredictable) → contingent liability risk
Largest shareholder Eugene Entertainment (39.17%), no change
No dividends or share buyback/cancellation