TRUEN (417790) Q2 2026 earnings summary

Executive summary

• Operates in digital video surveillance systems and IoT solutions, focusing on R&D and AI integration.

• Listed on KOSDAQ since May 2023, with a stable credit rating (AAO) for three consecutive years.

• No changes in major shareholders or business structure; maintains a strong domestic and international presence.

Financial highlights

• 1H 2026 revenue: KRW 24.48B, down from KRW 49.11B in FY2025 and KRW 53.60B in FY2024.

• 1H 2026 operating income: KRW 6.13B; net income: KRW 5.66B; basic EPS: KRW 546.

• Cash and equivalents at 1H 2026: KRW 50.88B; total assets: KRW 117.64B; equity: KRW 111.67B.

• Dividend per share: KRW 200 (2025), KRW 230 (2024); payout ratio: 17.3% (2026 1H).

• R&D expense ratio: 8.57% of sales in 1H 2026.

Outlook and guidance

• Focus on expanding AI-based surveillance and IoT product lines.

• Plans to enhance overseas sales and project-based business, leveraging public sector experience.

• Ongoing investment in R&D and production automation to improve competitiveness.