S-1 (012750) Q2 2025 earnings summary

Executive summary

• Achieved revenue of 732.7 billion KRW in 2Q'25, up 5% year-over-year and 9% sequentially.

• Operating income reached 61.5 billion KRW, an 18% increase year-over-year and 12% quarter-over-quarter.

• Net income for the quarter was 52.1 billion KRW, up 20% year-over-year and 24% sequentially.

• Operates as a comprehensive security solutions provider, leading the Korean security, real estate, and security SI markets with advanced systems and differentiated services.

• Six consolidated subsidiaries, no recent changes in capital stock, and stable ownership structure with SECOM CO., LTD. as the largest shareholder.

Financial highlights

• 2025 H1 consolidated revenue: KRW 1,406.8 billion; operating income: KRW 116.6 billion; net income: KRW 94.1 billion.

• Gross profit rose to 170.8 billion KRW in 2Q'25, up 9% year-over-year and 7% sequentially.

• EBITDA increased to 105.0 billion KRW in 2Q'25, up 8% year-over-year and 7% quarter-over-quarter.

• Security segment H1 revenue: KRW 699.9 billion, operating income: KRW 55.1 billion; Infrastructure segment H1 revenue: KRW 706.8 billion, operating income: KRW 61.5 billion.

• Basic EPS for H1: KRW 2,784; cash and cash equivalents at period end: KRW 171.9 billion.

Outlook and guidance

• Results are unaudited and may be subject to change following external auditor review.

• Security market expected to grow with AI, IoT, and cloud integration; company aims to expand in home and unmanned solutions.

• Infrastructure segment to leverage smart building management and expand services to mid/small buildings.

• Focus on continuous R&D and new product launches to maintain market leadership.