v3.26.1
Unaudited Pro Forma Condensed Combined Statement of Financial Position
Dec. 31, 2025
KRW (₩)
Current assets  
Cash and cash equivalents ₩ 8,364,432
Short-term financial assets 21,560
Accounts receivable - trade, net 4,380,886
Short-term loans, net 3,427,400
Accounts receivable - other, net 536,134
Value added tax receivables 162,558
Other current asset 5,844,544
Contract assets 1,065,645
Current tax assets 45,228
Inventories, net 1,612,302
Other current financial assets 735,110
Total current assets 26,195,799
Long-term financial instruments 310,908
Long-term loans, net 191,023
Long-term other receivables
Financial assets at fair value through profit or loss
Long-term investment securities 3,983,858
Investments in associates 587,278
Property and equipment including right-of-use assets 7,055,228
Intangible assets other than goodwill 17,178,097
Goodwill 60,617,031
Investment properties 2,023,317
Other non-current assets
Other non-current financial assets 2,180,055
Other non-current non-financial assets 4,393,482
Deferred tax assets 1,016,960
Total assets 125,733,036
Current liabilities  
Trade and other payables 58,040,411
Other current financial liabilities 250,000
Current derivative liabilities 330,417
Warrants 528,772
Other current non-financial liabilities 1,936,895
Contract liabilities 1,252,195
Short-term borrowings 11,171,899
Current portion of long-term borrowings, net 2,200,000
Convertible notes 28,634,020
Current lease liabilities 1,702,300
Other current provisions 769,693
Current tax liabilities 1,634,666
Total current liabilities 108,451,268
Trade and other non-current payables 27,297,393
Long-term borrowings, excluding current portion, net 2,611,563
Other non-current financial liabilities 220,000
Other non-current non-financial liabilities 2,565
Non-current Contract liabilities 650,000
Defined benefit liabilities 1,257,693
Provision for long-term employee benefits
Contract liabilities
Other non-current provisions 455,822
Non-current lease liabilities 6,268,969
Deferred tax liabilities 125,759
Total liabilities 147,341,032
Stockholders’ equity (deficit)  
Share capital 9,077
Share premium 205,980,674
Accumulated other comprehensive loss (4,447,032)
Other reserves (53,073,717)
Accumulated deficit (169,783,492)
Equity (deficit) attributable to owners of the Parent Company (21,314,490)
Non-controlling interest (293,506)
Total stockholders’ equity (deficit) (21,607,996)
Total liabilities and stockholders’ equity (deficit) 125,733,036
Hansol Acquisition [Member]  
Current assets  
Cash and cash equivalents 2,295,359
Short-term financial assets 5,837
Accounts receivable - trade, net 11,294,244
Short-term loans, net
Accounts receivable - other, net
Value added tax receivables
Other current asset 4,357,183
Contract assets 3,815,286
Current tax assets 46
Inventories, net 901,244
Other current financial assets
Total current assets 22,669,199
Long-term financial instruments
Long-term loans, net
Long-term other receivables 595,593
Financial assets at fair value through profit or loss 1,005,980
Long-term investment securities
Investments in associates
Property and equipment including right-of-use assets 2,266,306
Intangible assets other than goodwill 1,022,547
Goodwill 2,738,757
Investment properties
Other non-current assets 369,646
Other non-current financial assets
Other non-current non-financial assets
Deferred tax assets 2,282,216
Total assets 32,950,244
Current liabilities  
Trade and other payables 9,725,482
Other current financial liabilities
Current derivative liabilities
Warrants
Other current non-financial liabilities 1,456,445
Contract liabilities 4,719,111
Short-term borrowings
Current portion of long-term borrowings, net
Convertible notes
Current lease liabilities 769,706
Other current provisions 432,507
Current tax liabilities 1,619
Total current liabilities 17,104,870
Trade and other non-current payables
Long-term borrowings, excluding current portion, net
Other non-current financial liabilities
Other non-current non-financial liabilities
Defined benefit liabilities 854,835
Provision for long-term employee benefits 176,138
Contract liabilities 861,164
Other non-current provisions 173,498
Non-current lease liabilities 272,137
Deferred tax liabilities
Total liabilities 19,442,642
Stockholders’ equity (deficit)  
Share capital 6,939,761
Share premium
Accumulated other comprehensive loss
Other reserves 10,436,120
Accumulated deficit (4,346,337)
Equity (deficit) attributable to owners of the Parent Company 13,029,544
Non-controlling interest 478,058
Total stockholders’ equity (deficit) 13,507,602
Total liabilities and stockholders’ equity (deficit) 32,950,244
Transaction Adjustments [Member]  
Current assets  
Cash and cash equivalents (11,999,970)
Short-term financial assets
Accounts receivable - trade, net
Short-term loans, net
Accounts receivable - other, net
Value added tax receivables
Other current asset (3,000,367)
Contract assets
Current tax assets
Inventories, net
Other current financial assets
Total current assets (15,000,337)
Long-term financial instruments
Long-term loans, net
Long-term other receivables
Financial assets at fair value through profit or loss
Long-term investment securities
Investments in associates 15,000,337
Property and equipment including right-of-use assets
Intangible assets other than goodwill 11,700,000
Goodwill 5,437,640
Investment properties
Other non-current assets
Other non-current financial assets
Other non-current non-financial assets
Deferred tax assets
Total assets 2,137,303
Current liabilities  
Trade and other payables 45,000
Other current financial liabilities
Current derivative liabilities
Warrants
Other current non-financial liabilities
Contract liabilities
Short-term borrowings
Current portion of long-term borrowings, net
Convertible notes
Current lease liabilities
Other current provisions
Current tax liabilities
Total current liabilities 45,000
Trade and other non-current payables
Long-term borrowings, excluding current portion, net
Other non-current financial liabilities
Other non-current non-financial liabilities
Non-current Contract liabilities
Defined benefit liabilities
Provision for long-term employee benefits
Contract liabilities
Other non-current provisions
Non-current lease liabilities
Deferred tax liabilities 2,574,000
Total liabilities 2,619,000
Stockholders’ equity (deficit)  
Share capital (6,939,761)
Share premium
Accumulated other comprehensive loss
Other reserves (10,436,120)
Accumulated deficit 4,346,337
Equity (deficit) attributable to owners of the Parent Company (13,074,544)
Non-controlling interest 12,592,847
Total stockholders’ equity (deficit) (481,697)
Total liabilities and stockholders’ equity (deficit) 2,137,303
Bank Loan Transaction Adjustments [Member]  
Current assets  
Cash and cash equivalents 4,728,200
Short-term financial assets
Accounts receivable - trade, net
Short-term loans, net
Accounts receivable - other, net
Value added tax receivables
Other current asset
Contract assets
Current tax assets
Inventories, net
Total current assets 4,728,200
Long-term financial instruments
Long-term loans, net
Long-term other receivables
Financial assets at fair value through profit or loss
Long-term investment securities
Investments in associates
Property and equipment including right-of-use assets
Intangible assets other than goodwill
Goodwill
Investment properties
Other non-current assets
Other non-current financial assets
Other non-current non-financial assets
Deferred tax assets
Total assets 4,728,200
Current liabilities  
Trade and other payables
Other current financial liabilities
Current derivative liabilities
Warrants
Other current non-financial liabilities
Contract liabilities
Short-term borrowings 5,000,000
Current portion of long-term borrowings, net
Convertible notes
Current lease liabilities
Other current provisions
Current tax liabilities
Total current liabilities 5,000,000
Trade and other non-current payables
Long-term borrowings, excluding current portion, net
Other non-current financial liabilities
Other non-current non-financial liabilities
Non-current Contract liabilities
Defined benefit liabilities
Provision for long-term employee benefits
Contract liabilities
Other non-current provisions
Non-current lease liabilities
Deferred tax liabilities
Total liabilities 5,000,000
Stockholders’ equity (deficit)  
Share capital
Share premium
Accumulated other comprehensive loss
Other reserves
Accumulated deficit (271,800)
Equity (deficit) attributable to owners of the Parent Company (271,800)
Non-controlling interest
Total stockholders’ equity (deficit) (271,800)
Total liabilities and stockholders’ equity (deficit) 4,728,200
Playverse Capital Contribution Transaction Adjustments [Member]  
Current assets  
Cash and cash equivalents 2,500,000
Short-term financial assets
Accounts receivable - trade, net
Short-term loans, net
Accounts receivable - other, net
Value added tax receivables
Other current asset
Contract assets
Current tax assets
Inventories, net
Other current financial assets
Total current assets 2,500,000
Long-term loans, net
Long-term other receivables
Financial assets at fair value through profit or loss
Long-term investment securities
Investments in associates
Property and equipment including right-of-use assets
Intangible assets other than goodwill
Goodwill
Investment properties
Other non-current assets
Other non-current financial assets
Other non-current non-financial assets
Deferred tax assets
Total assets 2,500,000
Current liabilities  
Trade and other payables
Other current financial liabilities
Current derivative liabilities
Warrants
Other current non-financial liabilities
Contract liabilities
Short-term borrowings
Current portion of long-term borrowings, net
Convertible notes
Current lease liabilities
Other current provisions
Current tax liabilities
Total current liabilities
Trade and other non-current payables
Long-term borrowings, excluding current portion, net
Other non-current financial liabilities
Other non-current non-financial liabilities
Non-current Contract liabilities
Defined benefit liabilities
Provision for long-term employee benefits
Contract liabilities
Other non-current provisions
Non-current lease liabilities
Deferred tax liabilities
Total liabilities
Stockholders’ equity (deficit)  
Share capital
Share premium
Accumulated other comprehensive loss
Other reserves 1,664,284
Accumulated deficit
Equity (deficit) attributable to owners of the Parent Company 1,664,284
Non-controlling interest 835,716
Total stockholders’ equity (deficit) 2,500,000
Total liabilities and stockholders’ equity (deficit) 2,500,000
Convertible Notes Transaction Adjustments [Member]  
Current assets  
Cash and cash equivalents 1,366,025
Short-term financial assets
Accounts receivable - trade, net
Short-term loans, net
Accounts receivable - other, net
Value added tax receivables
Other current asset
Contract assets
Current tax assets
Inventories, net
Other current financial assets
Total current assets 1,366,025
Long-term loans, net
Long-term other receivables
Financial assets at fair value through profit or loss
Long-term investment securities
Investments in associates
Property and equipment including right-of-use assets
Intangible assets other than goodwill (11,159,935)
Goodwill
Investment properties
Other non-current assets
Other non-current financial assets
Other non-current non-financial assets
Deferred tax assets
Total assets (9,793,910)
Current liabilities  
Convertible notes (8,609,400)
Total current liabilities (12,750,732)
Trade and other non-current payables
Long-term borrowings, excluding current portion, net
Other non-current financial liabilities
Other non-current non-financial liabilities
Non-current Contract liabilities
Defined benefit liabilities
Provision for long-term employee benefits
Contract liabilities
Other non-current provisions
Non-current lease liabilities
Deferred tax liabilities
Total liabilities (12,750,732)
Stockholders’ equity (deficit)  
Share capital 972
Share premium 4,140,360
Accumulated other comprehensive loss
Other reserves
Accumulated deficit (1,184,510)
Equity (deficit) attributable to owners of the Parent Company 2,956,822
Non-controlling interest
Total stockholders’ equity (deficit) 2,956,822
Total liabilities and stockholders’ equity (deficit) (9,793,910)
Play Co Ltd Recission Transaction Adjustments [Member]  
Current assets  
Cash and cash equivalents (6,392,489)
Short-term financial assets (27,397)
Accounts receivable - trade, net (15,470,395)
Short-term loans, net (2,512,400)
Accounts receivable - other, net (444,795)
Value added tax receivables
Other current asset (4,987,933)
Contract assets (4,138,448)
Current tax assets (66)
Inventories, net (2,513,546)
Other current financial assets (520,110)
Total current assets (37,007,579)
Long-term financial instruments (310,908)
Long-term loans, net (50,000)
Long-term other receivables (595,593)
Financial assets at fair value through profit or loss (1,005,980)
Long-term investment securities (850,572)
Investments in associates
Property and equipment including right-of-use assets (8,794,928)
Intangible assets other than goodwill (16,934,630)
Goodwill (11,444,127)
Investment properties (2,023,317)
Other non-current assets (369,646)
Other non-current financial assets (1,472,707)
Other non-current non-financial assets (1,286,226)
Deferred tax assets (3,114,265)
Total assets (85,260,478)
Current liabilities  
Trade and other payables (20,399,014)
Other current financial liabilities (250,000)
Current derivative liabilities
Warrants
Other current non-financial liabilities (2,949,734)
Contract liabilities (4,719,111)
Short-term borrowings (8,264,000)
Current portion of long-term borrowings, net (2,200,000)
Convertible notes
Current lease liabilities (2,283,629)
Other current provisions (1,201,070)
Current tax liabilities (749,893)
Total current liabilities (79,248,469)
Trade and other non-current payables (27,297,393)
Long-term borrowings, excluding current portion, net (2,508,608)
Other non-current financial liabilities (220,000)
Other non-current non-financial liabilities
Non-current Contract liabilities
Defined benefit liabilities (1,370,544)
Provision for long-term employee benefits (176,138)
Contract liabilities (861,164)
Other non-current provisions (600,527)
Non-current lease liabilities (6,420,516)
Deferred tax liabilities (2,574,000)
Total liabilities (121,277,359)
Stockholders’ equity (deficit)  
Share capital
Share premium
Accumulated other comprehensive loss
Other reserves
Accumulated deficit 49,087,786
Equity (deficit) attributable to owners of the Parent Company 49,087,786
Non-controlling interest (13,070,905)
Total stockholders’ equity (deficit) 36,016,881
Total liabilities and stockholders’ equity (deficit) (85,260,478)
Solaire Partners Recission Transaction Adjustments [Member]  
Current assets  
Cash and cash equivalents (49,313)
Short-term financial assets
Accounts receivable - trade, net (73,201)
Short-term loans, net
Accounts receivable - other, net
Value added tax receivables
Other current asset (3)
Contract assets (517,517)
Current tax assets (45,193)
Inventories, net
Other current financial assets
Total current assets (685,227)
Long-term loans, net (5,000)
Long-term other receivables
Financial assets at fair value through profit or loss
Long-term investment securities (623,000)
Investments in associates (587,278)
Property and equipment including right-of-use assets (152,459)
Intangible assets other than goodwill
Goodwill (2,573,536)
Investment properties
Other non-current assets
Other non-current financial assets (96,522)
Other non-current non-financial assets
Deferred tax assets
Total assets (4,723,022)
Current liabilities  
Trade and other payables (1,791,719)
Other current financial liabilities
Current derivative liabilities
Warrants
Other current non-financial liabilities (15,313)
Contract liabilities
Short-term borrowings (3,525,187)
Current portion of long-term borrowings, net
Convertible notes
Current lease liabilities (85,494)
Other current provisions
Current tax liabilities (195,868)
Total current liabilities (5,613,581)
Trade and other non-current payables
Long-term borrowings, excluding current portion, net
Other non-current financial liabilities
Other non-current non-financial liabilities
Non-current Contract liabilities
Defined benefit liabilities (37,388)
Provision for long-term employee benefits
Contract liabilities
Other non-current provisions (23,734)
Non-current lease liabilities (48,033)
Deferred tax liabilities
Total liabilities (5,722,736)
Stockholders’ equity (deficit)  
Share capital
Share premium
Accumulated other comprehensive loss
Other reserves (1,680,427)
Accumulated deficit 2,680,050
Equity (deficit) attributable to owners of the Parent Company 999,623
Non-controlling interest 91
Total stockholders’ equity (deficit) 999,714
Total liabilities and stockholders’ equity (deficit) (4,723,022)
Pro Forma Combined [Member]  
Current assets  
Cash and cash equivalents 812,244
Short-term financial assets
Accounts receivable - trade, net 131,534
Short-term loans, net 915,000
Accounts receivable - other, net 91,339
Value added tax receivables 162,558
Other current asset 2,213,424
Contract assets 224,966
Current tax assets 15
Inventories, net
Other current financial assets 215,000
Total current assets 4,766,080
Long-term financial instruments
Long-term loans, net 136,023
Long-term other receivables
Financial assets at fair value through profit or loss
Long-term investment securities 2,510,286
Investments in associates
Property and equipment including right-of-use assets 374,147
Intangible assets other than goodwill 1,806,079
Goodwill 54,775,765
Investment properties
Other non-current assets
Other non-current financial assets 610,826
Other non-current non-financial assets 3,107,256
Deferred tax assets 184,911
Total assets 68,271,373
Current liabilities  
Trade and other payables 9,388,142
Other current financial liabilities
Current derivative liabilities 330,417
Warrants 528,772
Other current non-financial liabilities 428,293
Contract liabilities 1,252,195
Short-term borrowings 4,382,712
Current portion of long-term borrowings, net
Convertible notes 15,883,288
Current lease liabilities 102,883
Other current provisions 1,130
Current tax liabilities 690,524
Total current liabilities 32,988,356
Trade and other non-current payables
Long-term borrowings, excluding current portion, net 102,955
Other non-current financial liabilities
Other non-current non-financial liabilities 2,565
Non-current Contract liabilities 650,000
Defined benefit liabilities 704,596
Provision for long-term employee benefits
Contract liabilities
Other non-current provisions 5,059
Non-current lease liabilities 72,557
Deferred tax liabilities 125,759
Total liabilities 34,651,847
Stockholders’ equity (deficit)  
Share capital 10,049
Share premium 210,121,034
Accumulated other comprehensive loss (4,447,032)
Other reserves (53,089,860)
Accumulated deficit (119,516,966)
Equity (deficit) attributable to owners of the Parent Company 33,077,225
Non-controlling interest 542,301
Total stockholders’ equity (deficit) 33,619,526
Total liabilities and stockholders’ equity (deficit) ₩ 68,271,373