HYBE disclosed its preliminary consolidated results for the second quarter of 2026 on the 28th. These are preliminary figures prior to the completion of the external auditor's review.

■ Q2 Performance Summary Q2 revenue stood at KRW 1.45 trillion, up 107.6% from the previous quarter (KRW 698.3 billion) and up 105.5% year-over-year (KRW 705.7 billion). Operating profit was recorded at KRW 170.9 billion. This marks a turnaround to profit from an operating loss of KRW 196.6 billion in the previous quarter, and a 159.3% increase compared to the same period last year (KRW 65.9 billion).

Profit from continuing operations before income tax expense was KRW 164.7 billion, turning to profit from a loss of KRW 132.6 billion in the previous quarter, and increasing 426.2% year-over-year (KRW 31.3 billion). Net income for the period was KRW 109.8 billion, turning to profit from a loss of KRW 156.7 billion in the previous quarter, and surging 613.0% year-over-year (KRW 15.4 billion). Net income attributable to owners of the parent company was KRW 102.3 billion, turning to profit from a loss of KRW 158.5 billion in the previous quarter, and increasing 468.3% year-over-year (KRW 18.0 billion).

■ Cumulative Turn to Loss in the First Half On a cumulative basis for the first half, revenue was KRW 2.1483 trillion, up 78.1% year-over-year. However, cumulative operating profit recorded an operating loss of KRW 25.7 billion, turning to a loss compared to the same period last year (KRW 87.5 billion). Cumulative net loss for the period was KRW 46.9 billion, and cumulative net loss attributable to owners of the parent company was KRW 56.2 billion, both turning to losses compared to the same period last year.

■ Adjusted Operating Profit of KRW 229.4 Billion Disclosed Separately The company also disclosed an adjusted operating profit (cumulative) of KRW 229.4 billion as a reference metric. This figure excludes approximately KRW 255 billion in costs related to employee stock gifts incurred in the first quarter from the consolidated operating profit, representing an increase of 162.2% year-over-year and 292.1% quarter-over-quarter. The company explained that it separately presented the adjusted operating profit to reflect the fundamental performance of its business, as the aforementioned cost is an accounting one-time expense arising from the largest shareholder's stock gift and does not involve an actual outflow of assets.

HYBE is scheduled to announce its Q2 2026 business results via a conference call and webcasting at 3 p.m. on the same day.