PonyLink: Operating Loss Widens in Q1 2026 but Net Profit Remains; Pursues Share Consolidation and Early CB Redemption

Consolidated Q1 2026 revenue: 10.2 billion KRW (down 4.5% YoY), operating loss: 4.1 billion KRW (loss widened). Net income: 8.1 billion KRW (down sharply from 55.3 billion last year) due to decreased financial asset gains.
Transferred 40 billion KRW from capital surplus to retained earnings, turning separate retained earnings positive at 11.2 billion KRW.
Post-period, received early redemption request for 14th convertible bonds (face value 15.2 billion KRW), repayment due May 29, 2026.
Share consolidation (5:1) underway: par value from 100 to 500 won, total shares from 127,807,298 to 25,561,459.
Continued investment in new businesses: AI Orchestra platform, quadruped robots, autonomous driving pilots; targeting commercialization by 2027-2028.
Subsidiary GLK Equity Invest contributed 11.1 billion KRW net income to consolidated earnings.
Cash decreased to 30.8 billion KRW (from 50.8 billion at year-end); borrowings fell to 38.2 billion (from 55.2 billion).

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