S-1 (012750) Q2 2026 earnings summary

Executive summary

• 2Q26 sales slightly decreased year-over-year due to a decline in Security SI revenue, despite steady growth in Security and Building Management divisions.

• Operating profit improved year-over-year, reflecting a focus on profitability and cost efficiency.

• Revenue for FY21–FY25 grew at a CAGR of 5.7%, maintaining a solid growth trend.

Financial highlights

• 2Q26 sales: KRW 7,231B, down 1.3% YoY, up 7.3% QoQ.

• 2Q26 operating profit: KRW 644B, up 4.5% YoY, margin 8.9%.

• 2Q26 EBITDA: KRW 1,084B, up 3.2% YoY, margin 15.0%.

• 2Q26 net profit: KRW 467B, down 10.4% YoY, margin 6.5%.

• FY25 sales: KRW 28,894B, up 3.0% YoY; operating profit: KRW 2,346B, up 12.1% YoY.

Outlook and guidance

• Plans to expand business scope into AI and robotics-based products and services.

• Continued investment in new businesses and technology acquisition for mid- to long-term growth.

• Targeting a 50–60% dividend payout ratio for FY26.