diff --git a/delphi/KPANSI.PAS b/delphi/KPANSI.PAS
index 17e7c68..78460f9 100644
--- a/delphi/KPANSI.PAS
+++ b/delphi/KPANSI.PAS
@@ -2123,6 +2123,7 @@ var
   I:         Integer;
   Ofs:       Integer;
   GlyphSeg:  Word;
+  GlyphBase: Word;    { Offset component of FGlyphBuf (nibble table at +0) }
   PixSeg:    Word;
   GlyphOfs:  Word;
   PixOfs:    Word;
@@ -2137,9 +2138,10 @@ begin
   Stride := Word(FCols) * Word(FCellWidth);
   CellH  := FCellHeight;
 
-  { Extract segments from far pointers -- pure Pascal, no register clobber }
-  GlyphSeg := Seg(PPixelBuf(FGlyphBuf)^);
-  PixSeg   := Seg(PPixelBuf(FRowBuf)^);
+  { Extract segments/offsets from far pointers -- pure Pascal, no register clobber }
+  GlyphSeg  := Seg(PPixelBuf(FGlyphBuf)^);
+  GlyphBase := Ofs(PPixelBuf(FGlyphBuf)^);
+  PixSeg    := Seg(PPixelBuf(FRowBuf)^);
 
   { Determine which line to render (handles scrollback view) }
   if FScrollPos <> 0 then
@@ -2251,7 +2253,8 @@ begin
           push di
           push bx
           push es
-          les  di, FGlyphBuf
+          mov  es, GlyphSeg
+          mov  di, GlyphBase
           mov  al, BGIdx
           mov  ah, al            { AX = BG:BG }
           mov  dl, FGIdx