SSR's Q1 Sales and Operating Profit Plunge; Share Buyback and Merger for Shareholder Returns

Consolidated Q1 2026 revenue: 1.75 billion KRW (down 25.6% YoY from 2.36 billion), operating loss of 1.27 billion KRW (vs. profit of 0.32 billion), net loss of 0.73 billion KRW (vs. loss of 0.52 billion).\- Repurchase and cancellation of 764,181 treasury shares (book value 3.46 billion KRW).\- Completed absorption merger of subsidiary TrinitySoft on April 28, 2026 (non-capital increase merger).\- R&D expenses of 0.36 billion KRW (20.7% of revenue) maintained.\- Investment of 0.81 billion KRW in Fortitude Ventures Fund I, LP.\- Cash and cash equivalents of 1.32 billion KRW (down from 4.82 billion at year-end 2025), short-term financial instruments held of 15.69 billion KRW.\- Consolidated net debt to equity ratio of 7.27% (no net debt at year-end 2025).

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