OceanInW 1Q26 Net Profit 18.5B Won on Bargain Purchase Gain 28.3B, Operating Loss 1.3B

Consolidated revenue 68.7B won (vs. 13.9B previous year, due to D-Moa consolidation), operating loss 1.3B (vs. 0.6B loss), controlling net profit 18.5B (vs. 1.0B)
Net profit includes bargain purchase gain of 28.3B won (non-operating) from D-Moa acquisition; recurring profit is negative
End of period cash 64.5B (vs. 29.2B year-end), short-term borrowings 27.7B (vs. 33.5B)
Acquired 47,486 treasury shares (95.9M won) and retired 621,015 shares (2.34B won) via capital reduction
Largest shareholder change: Jeraice Union acquired 37.85% stake (Dec 19, 2025)
Lawsuit from QCP Media Holdings for 8.76B won, with investment property attachment
Valve segment sales 5.38B (78.3%) with operating loss 0.31B; glass 0.86B (12.6%) loss
Post-period: stock split (10→1) and reverse split (10:1) completed; D-Moa rights offering 18.6B won approved

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