SGA Solutions Logs KRW 75.1 Billion in First-Half Sales, Up 309% YoY
IT DAILY ·
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SGA Solutions posted first-half 2026 consolidated revenue of KRW 75.1 billion and operating profit of KRW 2.13 billion.
Revenue rose 309.4% from a year earlier, and operating profit turned to the black.
The company cited the integration of Kreon Unity, a reshuffling of its business portfolio, and the recognition of liquidation gains from the Axis Investment partnership as drivers of the improvement.
Integrated IT security company SGA Solutions said in a disclosure on the 14th that it posted 2026 first-half consolidated revenue of KRW 75.1 billion and operating profit of KRW 2.13 billion. Revenue rose 309.4% from a year earlier, and operating profit turned to the black.
The company attributed the improvement in first-half results to the effects of business portfolio expansion and the restructuring of its integrated security business. Kreon Unity, which it acquired last year, served as a growth driver and helped swing earnings into the black, and its results were reflected on a consolidated basis starting in the first half of this year. Revenue from the hardware supply and operations segment came to KRW 47.66 billion, while operating profit totaled KRW 2.95 billion.
In the investment segment, the recognition of liquidation gains from the Axis Investment partnership contributed to the earnings improvement. The company said the liquidation gains from the Axis Investment partnership helped support the better results.
The company expects demand for server security products to continue rising amid increasingly sophisticated cyber threats, including phishing and malware abusing generative AI, as well as ongoing hacking and ransomware incidents targeting companies and public institutions. In the public sector, demand for new solutions is also rising as organizations transition to the National Security Framework for Network Security (N2SF), and the company said zero-trust-based access control and account authentication are drawing attention. It explained that a zero-trust foundation is characterized by continuous verification of users, devices and access privileges, along with least-privilege access.
SGA Solutions is accelerating its push to expand its 'integrated security business expansion strategy,' which aims to protect customers' entire IT infrastructure. Last year, the company absorbed its subsidiaries SGN and SGA EPS through mergers and integrated its product and sales organizations as a result. Based on that, it plans to connect server security, endpoint, cloud, access control and account authentication solutions to respond to demand for N2SF and zero-trust transitions.
In its core solutions business, the company incurred costs to reorganize its sales and technical support teams for expanded integrated-security sales, as well as preemptive spending tied to efforts to win large-scale projects. In the second half, it plans to step up efforts to secure more server security projects and zero-trust projects in the public and financial sectors, while improving the pace of revenue conversion to enhance profitability in the solutions segment.
CEO Choi Young-chul said the reason for the first-half turnaround to profit was the integration of Kreon Unity and the restructuring of the business portfolio, adding that the company's bold moves have been reflected in results. He also pointed to rising demand for solutions amid more advanced cyberattacks and the transition to N2SF, emphasizing the company's intention to achieve both growth and improved profitability through its integrated security business.
Source: IT DAILY · Kim Ho-jun
Original: https://www.itdaily.kr/news/articleView.html?idxno=241035
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Source: IT DAILY
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