Citicens Global Posts KRW 5.5806 Trillion in First-Half Revenue, Up 92% YoY
IT DAILY ·
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Citicens Global's consolidated cumulative revenue for the first half of 2026 was KRW 5.5806 trillion, operating profit was KRW 107.5 billion, and net income was KRW 109.8 billion.
The improvement in results was attributed to revenue growth in the Web3 and IT services segments, including Korea Gold Exchange, ITCEN CTS, and ITCEN Entec.
The company plans to gradually expand new Web3 businesses and STO-related businesses in the second half of the year, while continuing AI- and solution-centered IT services and AI transformation initiatives.
Citicens Global delivered a strong performance in the first half of 2026. On a consolidated basis, first-half cumulative revenue came to KRW 5.5806 trillion, up about 92% from a year earlier, while consolidated operating profit for the first half of 2026 rose 94% year over year to KRW 107.5 billion. Net income for the first half of 2026 increased 153% year over year to KRW 109.8 billion.
The improvement in first-half results was attributed to revenue growth in the Web3 and IT services segments, including Korea Gold Exchange, ITCEN CTS, and ITCEN Entec. Citicens Global plans to maintain its growth momentum by fully advancing new Web3 businesses in the second half of the year.
To sustain that trend, the company plans to gradually expand its STO-related business based on plans to pursue approval for a brokerage business involving investment trust securities and to seek preliminary approval for security token offerings (STO). It also plans to push ahead with token issuance backed by gold and listing on overseas cryptocurrency exchanges, while strengthening its digital asset business foundation by combining real-world assets and blockchain technology.
The company is targeting visible results in the second half of the year from its ongoing Web3 businesses. However, some of those businesses involve regulatory approvals and exchange listings, so certain steps will proceed in accordance with reviews by relevant authorities and related procedures.
The IT services segment is built on a business portfolio centered on AI and solutions. At the same time, the company is supporting digital transformation across the public and private sectors and seeking to strengthen the competitiveness of its service platforms based on its accumulated systems integration and operations capabilities.
It is also working in parallel to expand data-driven intelligent work environments and to continuously broaden customer-tailored digital innovation services. Under a strategy of providing IT infrastructure with stability and scalability, the company aims to establish itself as a key partner supporting clients' sustainable growth and innovation in a rapidly changing technology environment.
Along with this business direction, ITCEN Entec announced its consolidated results for the first half of 2026. According to ITCEN Entec, consolidated revenue for the first half of 2026 was KRW 274.7 billion, and operating profit was KRW 15.3 billion.
Revenue increased 14.63% from a year earlier, while operating profit jumped 1562.56%. Net income swung to a profit of KRW 16.03 billion from a loss of KRW 3.41 billion a year earlier.
On a separate basis, revenue, operating profit, and profitability all improved as well. First-half separate revenue came to KRW 157.2 billion, up 17.38% from a year earlier, while first-half separate operating profit rose 78.65% year over year to KRW 13.3 billion. The separate-basis operating margin rose from 5.6% to 8.5% from a year earlier and stayed above 8.0% for 4 consecutive quarters. As a result, the company confirmed an improvement in separate-basis performance.
The company said the performance was driven by expanded maintenance business for the Integrated Local Fiscal Disaster Recovery System and expanded maintenance business for the KCTC scientific combat training system performance upgrade project. It also said it adjusted deployed personnel in line with rising order backlogs and managed project execution cost ratios, which helped widen profit by improving personnel deployment and execution cost ratio management.
The company also said it has its own sLLM solution, 'Intellisen Code,' and that it has introduced 'Intellisen Code' at major large-scale project sites. ITCEN said 'Intellisen Code' is helping improve business execution efficiency. In the second half of the year, the company plans to advance RAG white-box technology and expand the application of Thinking Mode to boost productivity in public sector and financial DX projects and accelerate its AI transformation (AX) business.
Shin Jang-ho, CEO of ITCEN Entec, said the first-half performance was the result of ongoing efforts to reorganize the business structure around profitability and manage costs since the company's inclusion in the group in 2020. He added that in the second half, the company plans to strengthen the foundation for AI and AX businesses by advancing Intellisen Code and leveraging synergy with its subsidiaries, while continuing stable growth and further improving profitability.
Source: IT DAILY · Yang Seung-gap
Original: https://www.itdaily.kr/news/articleView.html?idxno=240994
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Source: IT DAILY
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