Inscobee Swings to Net Profit in Q1 2026 but Faces Going Concern Uncertainty

Consolidated net profit of KRW 1.08bn (vs. -19.9bn in prior quarter), but operating loss widened to -1.51bn (vs. -0.21bn)
Separate net loss of KRW 2.06bn (vs. -18.59bn) showing improvement
Debt ratio improved to 245.3% (from 268.7%), but current liabilities exceed current assets by KRW 15.65bn
Accumulated deficit of KRW 133.77bn, equity capital of KRW 16.56bn indicating severe capital impairment
Going concern uncertainty explicitly stated (material uncertainty)
Post-reporting: decided to issue KRW 10bn in third-party allotment and KRW 10bn in convertible bonds, fully repaid KRW 10.04bn to SangSangin Group
Credit rating BB0 (May 2025)
No dividends

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