Inscobee Posts 41.6 Billion Won Net Loss in 2025; Negative Equity and Name Change Proposed at AGM

Consolidated revenue of 105.5 billion KRW (+5.0%) and operating profit of 4.1 billion KRW (turnaround), but controlling interest net loss of 41.6 billion KRW due to other expenses of 42.4 billion KRW
Separate equity negative at -1.7 billion KRW (full capital impairment); consolidated equity down to 16.1 billion KRW from 48.4 billion KRW a year earlier
Increased debt with short-term borrowings of 12.4 billion KRW (consolidated) and 21.1 billion KRW (separate); cash and cash equivalents only 1.2 billion KRW vs current liabilities of 42.4 billion KRW
AGM agenda includes name change (Inscobee to FreeT), stock consolidation (5:1), and amendments to the articles of incorporation
Proposals to appoint two inside directors (Song Byeong-gwon, Kim Jung-il) and one outside director (Oh Seong-heon), and auditor Park Kwon-shik
Approval of director compensation limit of 1.4 billion KRW and auditor limit of 100 million KRW (30% reduction reflecting shareholder proposal)
Inclusion of stock option grant (10,000 common shares, exercise price 1,433 won) for employees
No dividends for the last two years; accumulated deficit of 134.8 billion KRW (consolidated) and 149.6 billion KRW (separate)

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