Cherrybro Q1 2026: Operating Profit Slightly Down, Net Loss Continues, Highlighted Fine Litigation and Liquidity Risk

Consolidated sales KRW 94.7B, operating profit 3.2B, net profit 10M (parent net loss 1.0B). Operating profit slightly down from Q1 2025 (3.3B).
Debt ratio 133%, current liabilities (163.8B) exceed current assets (117.1B), indicating liquidity risk.
Ongoing litigation with Fair Trade Commission for collusion, fines totaling KRW 21.4B (including 17.9B for chicken). Management believes no material impact.
Foreign exchange loss of KRW 1.8B due to USD borrowing rate fluctuations.
Separate net profit improved to KRW 0.1B from loss of KRW 0.1B in Q1 2025.
No dividends or share buybacks.

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