S-1 (012750) Q3 2024 earnings summary

Executive summary

• Achieved revenue of 682.7 billion KRW in 3Q'24, up 6% year-over-year but down 2% sequentially.

• Net income rose 28% year-over-year and 20% quarter-over-quarter to 54.3 billion KRW.

Financial highlights

• Operating income increased 13% year-over-year and 15% quarter-over-quarter to 60.3 billion KRW.

• EBITDA reached 103.4 billion KRW, up 6% year-over-year and 7% sequentially.

• Gross margin improved to 24% from 23% a year ago.

Segment performance

• Security services and products revenue grew 3% year-over-year to 336.0 billion KRW.

• Real estate services revenue increased 12% year-over-year but declined 3% sequentially to 189.0 billion KRW.

• Integrated security services revenue rose 9% year-over-year but fell 4% sequentially to 342.8 billion KRW.