TRUEN (417790) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue was KRW 34.96B versus KRW 35.87B YoY; operating income was KRW 9.06B versus KRW 10.08B, and net income was KRW 8.34B versus KRW 8.90B.

• Q3 revenue was KRW 10.48B versus KRW 11.34B YoY; operating income was KRW 2.93B versus KRW 3.57B, and net income was KRW 2.68B versus KRW 2.85B.

Financial highlights

• 9M gross profit was KRW 16.47B versus KRW 17.41B YoY; cost of sales was KRW 18.49B versus KRW 18.46B.

• 9M finance income was KRW 1.16B; other gains were KRW 360M and other losses KRW 572M, including financial asset valuation and disposal losses and foreign-exchange losses.

• Operating cash flow was KRW 3.62B versus KRW 5.26B in 9M 2025; ending cash and cash equivalents were KRW 50.72B, versus KRW 50.58B at 2025 year-end.

Outlook and guidance

• Development priorities include AI behavior analysis, traffic analytics, image enhancement, AI Event Manager, generative-AI smart-home cameras and higher-performance IR PTZ cameras.

• Planned machinery and equipment investment totals KRW 3B across 2026–2028, at KRW 1B per year, targeting productivity and quality gains through inspection and packaging automation.

• Overseas strategy targets public safety, transport, industrial and infrastructure projects and OEM/ODM customers; plans include expanding system-level offerings and overseas IoT marketplace sales.