Exicure Hitron: Q1 2026 Consolidated Net Loss of KRW 2.53B, Deepening Capital Erosion

Consolidated revenue KRW 696M (down 40% YoY from KRW 1,155M), net loss KRW 2.53B (vs. loss of KRW 4.03B in prior year)
Parent company deficit KRW 129.6B (KRW 127.3B at year-end) → deepening capital erosion, fully capital-impaired
Core subsidiary EXICURE, INC. (Nasdaq-listed) being sold: Sale agreement signed Dec 24, 2025; 741,272 shares transferred during the quarter; remaining shares classified as held-for-sale
Order backlog KRW 4.77B (including Seoul Metro smart control projects), but revenue declining
Short-term borrowings decreased to KRW 4.0B (from KRW 6.6B), but convertible bonds of KRW 4.0B subject to immediate repayment (loss of maturity extension right)
Cash and cash equivalents KRW 1.93B (from KRW 2.25B) – worsening liquidity
No treasury share purchase/cancellation or dividends during the period
Designated as uncooperative disclosure entity (Jan 27, 2026) due to cancellation of two supply contracts

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