S-1 (012750) Q2 2024 earnings summary

Executive summary

• Revenue for 2Q'24 reached 695.7 billion KRW, up 7% year-over-year and 5% sequentially.

• Net income for 2Q'24 was 43.3 billion KRW, a 6% increase year-over-year and 7% sequentially.

Financial highlights

• Operating income for 2Q'24 was 52.3 billion KRW, down 4% year-over-year but up 7% from the previous quarter.

• EBITDA for 2Q'24 was 96.9 billion KRW, nearly flat year-over-year and up 7% sequentially.

• Gross margin for 2Q'24 was 22%, compared to 24% in 2Q'23 and 23% in 1Q'24.

Outlook and guidance

• Results are preliminary and unaudited; figures may change after external audit.