Plutus Investment Reports Consolidated Net Loss of KRW 3.1B in Q1 2026

Consolidated Q1 2026 operating revenue KRW 3.33bn (up from KRW 2.24bn YoY), but operating loss of KRW 3.05bn (vs operating profit of KRW 3.31bn in Q1 2025).
Net loss of KRW 3.13bn (vs net loss of KRW 0.32bn in Q1 2025). EPS -46 won.
Main loss drivers: valuation loss on convertible bond derivatives KRW 0.49bn, loss on redemption of convertible bonds KRW 2.3bn, valuation loss on investment bonds KRW 1.17bn (mostly non-cash).
During April-May 2026, some convertible bonds (approx. KRW 13.3bn) were converted into equity and some were resold.
On April 8, 2026, the board resolved a reverse stock split (2:1 consolidation) and a stock merger.

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