NICE Information Service (030190) Q3 2024 earnings summary

Executive summary

• Achieved consolidated revenue of 388.3B KRW, operating profit of 64.1B KRW, and net income of 55.2B KRW in 2024 3Q, showing strong year-over-year growth in profitability.

• Maintained leadership in credit information, expanding into digital, big data, and ESG services.

• Continued expansion in international markets, especially Vietnam and ASEAN, with new licenses and partnerships.

Financial highlights

• Revenue for 2024 3Q increased by 13.1% year-over-year and 2.5% quarter-over-quarter.

• Operating profit rose 42.1% year-over-year but declined 6.2% sequentially.

• Net income grew 43.1% year-over-year and 1.1% quarter-over-quarter.

• Total assets reached 544.9B KRW, with equity at 397.2B KRW as of 2024 3Q.

Outlook and guidance

• Focus on expanding non-financial information services, MyData, and alternative credit scoring models.

• Plans to diversify business portfolio into healthcare, insurance, and ESG evaluation.

• Ongoing international expansion, targeting private CB licenses in ASEAN.