Nexa Dynamics Q1 Sales Plunge, Loss Widens; Debt Ratio Soars to 196%

(Sales plunge) Q1 2026 consolidated sales KRW 0.58bn (plummeted from FY2025 annual KRW 13.01bn), operating loss KRW 1.76bn, net loss KRW 2.38bn (parent KRW 2.28bn)
(Deteriorating financials) Debt ratio 196.3% (FY-end 138.8%), net debt ratio 84.3% (FY-end 64.3%), cash & equivalents KRW 1.67bn (down from KRW 4.34bn)
(Convertible bond) 3rd CB KRW 11.5bn outstanding (conversion price 2,598 won, up to 5.81mn new shares), derivative liability KRW 2.96bn
(New business diversification) K-Beauty (cosmetics distribution) generated KRW 0.42bn sales, but industrial robots, advertising, cosmetics manufacturing added as business objectives with no tangible results
(Litigation & contingencies) KRW 1.89bn construction claim lawsuit pending; Samil PwC advisory fee-related attachment of RCPS in BM Cos worth KRW 0.55bn
(Discontinued operations) Sale of subsidiary Eco Chemical's battery materials segment ongoing (discontinued loss KRW 0.18bn in Q1)
(Shareholder returns) No share buyback, cancellation, or dividend mentioned

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