S-1 (012750) Q3 2025 earnings summary

Executive summary

• Q3 2025 consolidated revenue was KRW 2,105.5 billion, with security and infrastructure segments contributing nearly equally.

• Operates as a comprehensive security solutions provider, leading Korea's security, real estate, and security SI markets.

• Main business segments include Security (physical/digital), Infrastructure (real estate/FM/PM), and others (leasing, education).

• Revenue for 3Q'25 reached 698.7 billion KRW, up 2% year-over-year but down 5% sequentially from 2Q'25.

• Operating income for 3Q'25 was 62.1 billion KRW, a 3% increase year-over-year and 1% higher than the previous quarter.

Financial highlights

• Q3 2025 consolidated revenue: KRW 2,105.5 billion, down from KRW 2,804.7 billion in FY2024.

• Operating income for Q3 2025: KRW 178.7 billion, down from KRW 209.2 billion in FY2024.

• Net income attributable to owners: KRW 142.4 billion for Q3 2025, compared to KRW 176.7 billion in FY2024.

• Gross profit margin remained stable at 24% in 3Q'25, consistent with the same quarter last year.

• EBITDA for 3Q'25 was 104.2 billion KRW, up 1% year-over-year but down 1% sequentially.

Outlook and guidance

• Security and infrastructure markets expected to grow, driven by AI, IoT, and cloud adoption.

• Company aims to expand smart building management and integrated security solutions, leveraging R&D and digital transformation.

• Stable dividend policy maintained, with a cash dividend of KRW 2,700 per share and payout ratio of 52%.

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