Irem posts Q1 operating loss of ₩2.4B, net loss of ₩3.0B; pursues capital reduction and paid-in capital increase

Q1 2026 results: Revenue ₩16.99B (down 36% YoY), operating loss ₩2.36B, net loss ₩3.01B (vs net loss ₩3.93B in Q1 2025)
Total equity ₩42.48B, retained earnings -₩41.82B (accumulated deficit); capital gearing ratio 49.43%
Approved 88.89% reverse stock split (9 shares → 1 share); record date June 22, new shares listing July 13
Paid-in capital increase (third-party allotment): 4.8M shares at ₩2,360 each, funds for working capital and debt repayment; subscription Aug 5-6, payment Aug 21
Allowance for doubtful accounts ratio: 29.65% (trade receivables 22.89%, loans 23.54%, other receivables 87.30%)
Regulatory penalties: Securities Commission fines of ₩960M for accounting violations, auditor designation for 3 years; administrative lawsuit in progress
KRX sanctions: Disclosure violation fine of ₩12M, designation as investment caution stock (misuse of capital increase funds)
Pending lawsuits: bond claim of ₩212M (defendant), share invalidation lawsuit (plaintiff)

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