Bucket Studio Q1 2026 Consolidated Net Loss of 15.7 Billion KRW, Driven by Equity Method Loss of 14.8 Billion

Consolidated revenue increased 15.2% YoY to KRW 44.6 billion (from KRW 38.7 billion in Q1 2025).
Consolidated operating loss narrowed to KRW 1.19 billion (from KRW 1.75 billion loss).
Consolidated net loss of KRW 15.77 billion, swung from net profit of KRW 0.43 billion, due to equity method loss of KRW 14.78 billion (from affiliates Vidente and Akara Life).
Cash and cash equivalents increased to KRW 6.85 billion (from KRW 2.22 billion at year-end); borrowings rose to KRW 6.7 billion (from KRW 1.7 billion).
Allowance for doubtful accounts on trade and other receivables at 48.6% (47.4% at year-end).
Four ongoing lawsuits: unjust enrichment claim, advance payment claim, damages claim, and gift tax revocation.
Share purchase agreement for change of largest shareholder terminated in April 2026.
Company submitted improvement plan after listing eligibility review period ended; review expected by June 2026.
No share buyback, cancellation, or dividend related items.
Standalone revenue KRW 3.68 billion, operating loss KRW 0.21 billion, net loss KRW 1.09 billion.

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