Hanssak Posts KRW 800 Million Operating Profit in Q2, Turns to Black on Diversification
IT DAILY ·
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Hanssak recorded second-quarter consolidated revenue of KRW 7.6 billion and consolidated operating profit of KRW 800 million.
Second-quarter consolidated revenue rose 44% from a year earlier, and consolidated operating profit improved by KRW 1.5 billion year over year, turning the company profitable.
Year-to-date consolidated revenue stood at KRW 11.1 billion and consolidated operating loss at KRW 1 billion, while year-to-date separate revenue was KRW 8.7 billion and operating loss was KRW 200 million.
Hanssak announced its second-quarter results on the 24th, saying it posted consolidated revenue of KRW 7.6 billion and consolidated operating profit of KRW 800 million in the second quarter. Second-quarter consolidated revenue rose 44% from a year earlier, while consolidated operating profit improved by KRW 1.5 billion year over year, turning the company profitable.
On a separate basis, the company recorded second-quarter separate revenue of KRW 6.4 billion and separate operating profit of KRW 1.3 billion. Separate revenue for the second quarter rose 39% from KRW 4.6 billion a year earlier, and separate operating profit turned positive from an operating loss of KRW 800 million in the same period last year.
On a year-to-date consolidated basis, however, the company was still in the red. Year-to-date consolidated revenue came to KRW 11.1 billion, up 17.4% from a year earlier, while year-to-date consolidated operating loss stood at KRW 1 billion, narrowing by about KRW 690 million from the same period last year.
Year-to-date separate revenue was KRW 8.7 billion, and year-to-date separate operating loss was KRW 200 million. The company said first-half results reflected the impact of newly launched solutions such as CDS, integrated access control, and password management.
Hanssak said new solutions developed on the back of R&D investment had a positive effect on first-half performance, and that its virtualization business division, acquired last year through transfer, contributed to higher consolidated revenue. It also said the Incom electronic fax business division recorded sales above the break-even point, helping restore profitability.
Hanssak said it has pushed ahead with restructuring its business over the past several years and has aligned that restructuring around a portfolio centered on network, system, and data security, as well as AI solution products. The company said the impact of this diversification is beginning to show up in its results.
Hanssak plans to accelerate revenue growth in the second half of the year, focusing on demand for new solutions and policy-related opportunities. To that end, it will strengthen its push into the public and financial sectors with its SSL visibility solution, BlueKeen VA. BlueKeen VA has secured a security function verification certificate and has also been listed with the Public Procurement Service.
As the National Intelligence Service pushes ahead with the transition to the national network security framework, N2SF, Hanssak sees this as a new business opportunity. Accordingly, it plans to upgrade its major security solutions to meet N2SF requirements and pursue demand related to N2SF.
Hanssak is also working to secure next-generation security technologies. While preparing for the commercialization of quantum computers, it is responding to domestic PQC standardization trends and applying PQC-related technologies to its own solutions. In addition, it is seeking to expand the scope of its security technologies into AI and cloud environments.
Based on the trend that second-half revenue has accounted for about 60% to 70% of annual revenue over the past several years, Hanssak said it is focusing on meeting its annual target through new solution supply and orders from existing businesses.
The company said it expects to remain above break-even on a consolidated basis even after reflecting the annual business investment costs of its two subsidiaries.
Since its listing, Hanssak has expanded R&D investment to secure future growth drivers, CEO Lee Ju-do said, adding that the company achieved a profitable second quarter as the results of portfolio diversification were reflected in performance. He added that, based on revenue concentration in the second half, the company aims to sustain its profitable streak by strengthening competitiveness in next-generation security fields such as PQC, AI, and cloud. Source: Hanssak, 2026 Q2 key results.
Source: IT DAILY · Kim Ho-jun
Original: https://www.itdaily.kr/news/articleView.html?idxno=241155
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Source: IT DAILY
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