Terraview announced on the 5th through a regulatory filing that its operating loss and net loss for the most recent fiscal year expanded by more than 30%, driven by advisory and legal costs incurred during the process of transitioning to a publicly listed company and increased labor costs from hiring.

According to the filing, consolidated revenue for fiscal year 2026 (May 1, 2025 – April 30, 2026) stood at KRW 7,828,116,654, representing a modest 3.3% increase from the previous fiscal year (KRW 7,581,489,507). However, the operating loss amounted to KRW 9,333,569,310, up 31.0% from the prior fiscal year (KRW 7,127,324,621).

The loss from continuing operations before income tax expense rose 30.7% to KRW 8,819,461,717. Net loss for the period also widened 30.4% year-on-year to the same KRW 8,819,461,717, deepening the overall deficit.

In terms of financial position, as of the end of the reporting period, total assets amounted to KRW 41,796,549,148 and total liabilities stood at KRW 10,007,466,904. Total equity was recorded at KRW 31,789,082,244, and paid-in capital at KRW 706,645,952.

The company cited advisory, legal, and other fee payments related to the listing process, as well as rising labor costs from workforce expansion, as the primary reasons for the deterioration in its profit-and-loss structure. As a result, selling, general, and administrative expenses increased overall, enlarging the scale of both operating and net losses.

Meanwhile, these figures represent preliminary consolidated results prepared in accordance with the Korean International Financial Reporting Standards (K-IFRS). As they are based on internal closing data that has not yet undergone external audit, the figures may be subject to change following the completion of the accounting audit and the approval process at the regular shareholders' meeting. Additionally, while the company's financial statements are originally prepared in British pounds (GBP), they have been converted to Korean won for submission in accordance with disclosure regulations.