Genians (263860) Q3 2025 earnings summary

Executive summary

• Achieved 20 consecutive years of profitability since 2005, with a 23.9% CAGR in revenue from 2005 to 2024, and continued global expansion with new offices in UAE and India in 2024–2025.

• Recognized as a leading cybersecurity software provider, with flagship products in NAC, EDR, and ZTNA, and awarded 'KOSDAQ Rising Star' for three consecutive years.

• Completed the absorption-type merger of 100%-owned subsidiary Future Tech Information Communication in September 2024 to enhance operational efficiency and business synergy.

Financial highlights

• 2025 Q3 YTD consolidated revenue: KRW 31,206 million, down from KRW 49,605 million in 2024 and KRW 42,892 million in 2023.

• Operating income for 2025 Q3 YTD: KRW 2,164 million, compared to KRW 9,840 million in 2024 and KRW 6,467 million in 2023.

• Net income for 2025 Q3 YTD: KRW 3,214 million, down from KRW 10,909 million in 2024 and KRW 6,246 million in 2023.

• Basic EPS for 2025 Q3 YTD: KRW 372, compared to KRW 1,264 in 2024 and KRW 715 in 2023.

• Gross margin for 2025 Q3 YTD: 64.4% (KRW 20,095 million gross profit on KRW 31,206 million revenue).

• R&D expenses for 2025 Q3 YTD: KRW 7,015 million, 22.48% of sales.

Outlook and guidance

• Focus on expanding EDR and MDR services to SMBs, leveraging new managed security offerings and cloud-based solutions.

• Continued investment in zero trust (ZTNA) and integrated security platforms, with expectations for stable revenue and profit growth from subscription-based services.

• Plans to further global expansion, especially in EMEA and APAC, and to strengthen AI-driven innovation.