BecuAI Swings to Net Profit in Q1 2026, Operating Loss Sharply Reduced

Consolidated Q1 2026 revenue: KRW 3.72bn (vs. KRW 3.69bn in Q1 2025, slight increase)
Consolidated operating loss: KRW 195mn (improved 74% from KRW 752mn loss in Q1 2025)
Consolidated net profit: KRW 39.9mn, turning profitable (vs. KRW 654mn loss in Q1 2025)
Standalone net profit: KRW 1.98mn (vs. KRW 610mn loss in Q1 2025)
Debt ratio: 36% (vs. 35% at end of 2025), healthy financial position
Cash and equivalents: KRW 3.37bn (down from KRW 4.52bn at year-end)
Accumulated deficit: KRW 9.1bn, no dividends possible; no share buyback/cancellation plans
Credit rating: BB0 (NICE D&B) maintained
Main revenue: AISURFER 91%, RDPLINE 6% (AI data infrastructure business)
Granted 300,000 new stock options in March 2026 (exercise price KRW 1,270)
Wholly owned Vietnam subsidiary BECUAI VIETNAM reported Q1 net profit of KRW 37.9mn

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