TRUEN (417790) Q3 2025 earnings summary

Executive summary

• Specializes in digital video surveillance systems and IoT solutions, with a focus on AI-driven products and cloud-based services.

• Maintains strong R&D capabilities, with 43.7% of workforce in research roles and multiple patents in AI and video analytics.

• Listed on KOSDAQ since May 2023, recognized as a rising star and maintains an AA credit rating.

Financial highlights

• Revenue for the first nine months of 2025: KRW 35.87 billion, down from KRW 53.60 billion in 2024 and KRW 47.17 billion in 2023.

• Operating income for the same period: KRW 10.08 billion, compared to KRW 15.46 billion in 2024 and KRW 11.39 billion in 2023.

• Net income for the first nine months of 2025: KRW 8.90 billion, versus KRW 14.37 billion in 2024 and KRW 10.96 billion in 2023.

• Basic EPS for the period: KRW 850, compared to KRW 1,366 in 2024 and KRW 1,092 in 2023.

• Cash and cash equivalents at period end: KRW 46.29 billion.

Outlook and guidance

• Focus on expanding AI-based video analytics and smart home IoT devices.

• Plans to enhance R&D investment, develop new AI models, and expand cloud-based services.

• Targeting growth in both domestic and international markets, leveraging regulatory trends and public sector demand.