Ascendio Secures 12.2 Billion Won Capital Injection, Narrows Operating Loss

Completed third-party allotment capital increase of 12.2 billion won (8,519,553 shares) in Jan 2026, largest shareholder changed to Kiwi No.1 Partnership
Q1 2026 consolidated sales 655 million won (vs. 592m prior year), operating loss 209m (improved from -432m), net loss 214m (vs. -2.1bn)
Textile (Abaya) business generated 560m revenue (new); entertainment sales 95m (down from 592m)
Cash & equivalents jumped to 11.48bn from 174m; net debt -7.86bn, debt ratio -42.4%; financial structure improved
Capital erosion resolved (from 62.3% in Feb 2025 to -252.36%, equity 18.5bn)
Many new businesses (battery, coffee, pets) not yet launched; exhibition business generated some sales
Pending lawsuits: share delivery claim against Quantum Port (2.25bn) and minor service fee/royalty cases

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