Genians Q3 Cumulative Operating Profit Surges 274%, Marking Record-Breaking Results

Genians said on the 12th that it unveiled its third-quarter earnings results and posted 2026 cumulative third-quarter revenue of KRW 38.7 billion on a consolidated basis, up 24.0% from a year earlier. For the same period, 2026 cumulative third-quarter operating profit on a consolidated basis came to KRW 8.1 billion, up 273.9% from a year earlier. The company said the results represented record-breaking gains.

Genians said the combined growth of its NAC and EDR businesses drove the revenue performance. It also said the increase in operating profit outpaced revenue growth, while the operating margin rose to 20.9% this year from 6.9% in the same period last year. The company said the simultaneous growth of its core NAC and EDR businesses expanded profitability and confirmed a leverage effect on earnings.

Genians said its subscription-based services business is also growing. It also said it is pursuing new businesses in AI security and quantum security. The company said it is continuing to advance new businesses alongside the growth of its core operations.

The increase in earnings was first driven by the NAC business. Large orders from public institutions and local governments continued, while new demand rose in the defense and healthcare sectors, along with demand for network security integration projects at major manufacturing companies and for expansion of overseas branches. These factors contributed to the stable growth of the NAC business.

The integrated endpoint security solution "Genians Insights E (EDR, antivirus)" also saw expanding new adoption across all industries, including the public sector, defense, and finance, while existing customers accelerated the expansion of additional endpoint licenses. In addition, demand increased for building real-time abnormal behavior detection and tracking security systems to respond to AI hacking threats, and that demand drove growth in the "Genians Insights E (EDR, antivirus)" segment.

At the same time, the subscription-based services (SaaS) business expanded its customer base. The cumulative number of customers for cloud-based NAC surpassed 300 companies, and the number of managed detection and response (MDR) customers for EDR service delivery also increased sharply. The rise in MDR customers laid the foundation for a shift toward a subscription-based business model.

Genians said its global business is seeing more customers while maintaining growth in the Middle East. The company secured new customers in the U.S. and also secured new customers in the APAC region. In the U.S., it is also expanding partner channels as it moves to broaden its overseas footprint.

Based on these trends, Genians plans to expand its AI security integrated platform business on the back of the growth in its existing core businesses. The product it recently unveiled is Genians Security Platform (GSP), a next-generation AI security integrated platform.

Genians is also pursuing new businesses in preparation for quantum security. The company plans to officially launch a PQC-based quantum security gateway within this year. Through this, it aims to accelerate its entry into the next-generation future security market, while also moving into future high-value-added quantum security markets such as AI and cloud on a full scale.

CEO Lee Dong-beom of Genians said that, as AI cyber threats become real and government policies to strengthen security accountability gain traction, the company has demonstrated its unrivaled technology and record results as a platform company. He added that the company aims to serve as a shield responsible for South Korea's national cyber defense, based on its AI security integrated platform and proactive defense system.

Source: TECHWORLD · Kim Hye-jin
Original: https://www.epnc.co.kr/news/articleView.html?idxno=409639

References

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