WiseITX's Operating Profit Up 78.1% in Year-to-Date Third Quarter; Revenue at KRW 29.1 Billion
IT DAILY ·
✦ AI Summary
WiseITX recorded year-to-date consolidated revenue of KRW 29.11 billion, operating profit of KRW 1.02 billion, and net income of KRW 530 million in the third quarter of 2026.
Compared with a year earlier, cumulative revenue rose 27.6%, operating profit 78.1%, and net income 166.8%.
WiseITX is pursuing upgrades to its AI and data solutions and expanding new services while advancing cooperation with Inotion for the U.S. and Latin American markets.
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End-to-end AI and data platform company WiseITX announced its earnings on the 13th. The company is led by CEOs Kim Da-san and Lee Je-dong. On a consolidated basis, WiseITX posted year-to-date third-quarter revenue of KRW 29.11 billion, operating profit of KRW 1.02 billion, and net income of KRW 530 million for 2026. This marked increases of 27.6%, 78.1%, and 166.8%, respectively, from a year earlier, extending its growth in both sales and profit.
In cumulative results, year-to-date third-quarter gross profit came to KRW 7.14 billion in 2026, up 14.1% from a year earlier. Over the same period, selling, general and administrative expenses totaled KRW 6.12 billion, up 7.7% from a year earlier.
WiseITX said gross profit increased while the rise in selling, general and administrative expenses was relatively limited. As a result, the company said the increase in gross profit and restrained SG&A spending drove the expansion in operating profit.
WiseITX said that, amid continued growth on a separate-company basis, both revenue and profitability improved on a cumulative basis and in the third quarter alone. Year-to-date third-quarter revenue came to KRW 27.76 billion, up 26.9% from a year earlier, while year-to-date third-quarter operating profit reached KRW 610 million, up 27.6%. Year-to-date third-quarter net income was KRW 1.06 billion, up 56.0% from a year earlier. Revenue and operating profit also rose in the third quarter alone.
On a consolidated basis, third-quarter revenue reached KRW 11.33 billion, up 24.9% from a year earlier, while third-quarter operating profit came to KRW 1.48 billion, up 26.8%. The operating margin for the third quarter was 13.1%.
In particular, the company offset an operating loss of KRW 460 million in the first half on the back of its third-quarter performance. Net income, which had been slightly in the red in the first half, also turned positive on a cumulative basis.
Along with these results, WiseITX is pursuing upgrades to its AI and data solutions while expanding new services. The company is integrating an AI agent-based "AI Butler" into its existing solutions to strengthen workflow automation through "AI Butler" and support customer productivity. It also operates the trade document automation service iDocu and the YouTube trend analysis platform Tumeet, while expanding its subscription-based service area around iDocu and Tumeet.
WiseITX said it has signed a strategic business agreement with AI computing infrastructure company Inotion. The agreement aims to lay the groundwork for cooperation to identify business opportunities that combine AI platforms and infrastructure in the U.S. and Latin American markets.
Kim Da-san, CEO of WiseITX, said the company will cultivate AI agent-based workflow automation and subscription services as its core growth engines and pursue new markets with partners. He added that the company aims to simultaneously achieve external growth and improved profitability by strengthening the stable revenue base of its existing solutions and making new service business results more concrete.
Source: IT DAILY · Kim Ho
Original: https://www.itdaily.kr/news/articleView.html?idxno=242916
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Source: IT DAILY
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