Hojeon Q1 2026 Swings to Operating Loss, Debt Ratio Rises

Consolidated Q1 2026 revenue of 89.2 billion KRW, operating loss of 1.4 billion KRW (revenue down 15% YoY, operating profit turned to loss).
Debt ratio rose to 145% from 126% at end of 2025, net debt ratio increased to 97%.
Completed cancellation of 310,000 treasury shares on May 8, 2026. Continued shareholder return with cancellation of 373,984 shares and acquisition of 310,000 shares in prior period.
Fully repaid the 12th unsecured private convertible bond early. 13th convertible bond of 5 billion KRW remains outstanding.
Recognized allowance for doubtful accounts of 10.7 billion KRW for related party Hojeon Retail.

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