S-1 (012750) Q2 2026 earnings summary

Executive summary

• 2Q26 sales slightly decreased year-over-year due to a decline in Security SI revenue, despite steady growth in Security and Building Management divisions.

• Focuses on security and infrastructure services, leading the domestic security and property management market with advanced technology and customer service differentiation.

• Operates through a nationwide sales and service network, with consolidated sales of KRW 1,396.8 billion for H1 2026.

• Maintains a robust credit rating (AA+/AAA) from multiple agencies, reflecting strong financial stability.

• Operating profit improved year-over-year, reflecting a focus on profitability and cost efficiency.

Financial highlights

• 2Q26 sales: KRW 7,231B, down 1.3% YoY, up 7.3% QoQ.

• 2Q26 operating profit: KRW 644B, up 4.5% YoY, margin 8.9%.

• H1 2026 consolidated revenue: KRW 1,396.8 billion, down from KRW 2,889.4 billion in FY2025.

• FY25 sales: KRW 28,894B, up 3.0% YoY; operating profit: KRW 2,346B, up 12.1% YoY.

• Dividend for FY2025: KRW 3,200 per share, payout ratio 60.6%.

Outlook and guidance

• Plans to expand business scope into AI and robotics-based products and services.

• Continued investment in new businesses and technology acquisition for mid- to long-term growth.

• Maintains stable dividend policy with a target payout ratio of 50–60% for FY2026.

• Plans to continue investing in AI, cloud, and integrated facility management solutions to drive future growth.