CreaS F&C posts Q1 2026 consolidated operating loss of KRW 6.7bn, sells OnTide and distributes treasury shares as dividend

Consolidated Q1 2026 revenue KRW 63.15bn, operating loss KRW 6.72bn, net loss KRW 11.47bn (continuing ops loss KRW 7.91bn, discontinued ops loss KRW 3.56bn)
Standalone revenue KRW 62.69bn, operating loss KRW 2.52bn, net profit KRW 0.35bn (including gain on disposal of associates)
Completed disposal of all common shares of subsidiary OnTide (previously classified as held for sale) on March 27, 2026
Sold entire stakes in associates LX Company (13.62%) and Laura Ashley Korea (20.92%) on February 13, 2026
AGM on March 31, 2026 approved cash dividend of KRW 200 per share (total KRW 4.69bn) and stock dividend of 598,933 treasury shares, completed on April 24
After reporting period, board resolved on May 6, 2026 to convert KRW 30bn loan to subsidiary Creas Valley into equity, completed on May 7
Treasury shares of 2,570,044 (10.97%) net of 1,971,111 shares allocated for exchangeable bonds; after stock dividend, remaining treasury shares reduced to 1,423 (0.01%)
Outstanding exchangeable bonds: Series 3 KRW 2.3bn (155,900 shares), Series 6 KRW 10bn (1,815,211 shares). Exchange price of KRW 5,509 is above current stock price (~KRW 4,000), making conversion unlikely
Consolidated inventory KRW 132.2bn (16.7% of assets); inventory turnover 0.9x; allowance for bad debts 14.8%

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