LaonPeople Q1 2026: Improved Financial Structure via Equity Issuance and CB Redemption, but Losses Continue

Consolidated Q1 2026 revenue KRW 39.9B, operating loss KRW 2.7B, net loss KRW 3.5B (continued losses)
Paid-in capital increase of KRW 14.5B and stock dividend increased total shares to 49,504,016 (2.4x from 20,860,012 at end-2025)
Early redemption of Series 2 CB (KRW 26B) and partial Series 3 CB (KRW 0.5B), reducing CB balance to KRW 5.5B
Net debt ratio improved from 262% to 101% (net debt KRW 60.3B)
Put option liability of KRW 7.4B and call option asset of KRW 0.5B related to TDD investment (contingent liability risk)
Cash and cash equivalents KRW 19.3B, short-term borrowings KRW 25.2B, inventories KRW 2.4B

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