Corpus Korea Q1 2026: Revenue Surges but Operating Loss Widens; Going Concern Uncertainty Persists

Consolidated revenue of 10,796 million won (up 171% YoY from 3,986 million), driven by production revenue of 8,686 million.
Operating loss of 2,493 million won (wider than 1,046 million loss in prior year).
Net loss attributable to owners improved to 87 million won (from 1,110 million loss) due to derivative trading gain of 1,862 million.
Debt ratio improved to 146.4% (from 163.1% at year-end).
Going concern uncertainty: prior year net loss of 13,372 million, current liabilities exceed current assets by 12,526 million. Company plans to improve via content acquisition and distribution expansion.
Derivative liability from 4th CB (face 26 billion, conversion price 1,261 won) stands at 5,807 million (Level 3).
Stock price collapsed: from high of 2,025 won in Oct 2025 to low of 277 won in Mar 2026.
Japanese subsidiary COPUS JAPAN posted quarterly net loss of 579 million yen.
Designated as unfair disclosure entity and fined 30 million won.

ADVERTISEMENT (250px+)