Hanssak Co., Ltd. Reports 1.3 Billion Won in Operating Profit for Q2... "Returned to Profitability Through Business Diversification"
Consolidated Revenue for the First Half Reaches 11.1 Billion Won, Up 17.4%
Second-Quarter Standalone Revenue of 6.4 Billion Won, Up 39% Year-Over-Year
Results of Business Portfolio Diversification
[Edaily Reporter An Yu-ri ] Hanssak Co., Ltd.(430690)returned to profitability in the second quarter of this year on both a standalone and consolidated basis, driven by the expansion of its security solutions portfolio and business diversification.
Hanssak Co., Ltd. announced on the 24th that its standalone revenue for the second quarter of 2026 was 6.4 billion won, a 39% increase from 4.6 billion won in the same period last year. Operating profit reached 1.3 billion won, marking a turnaround from an 800 million won loss in the same period last year and an improvement of 2.1 billion won in operating profit.
Consolidated results for the second quarter followed the same trend. Second-quarter consolidated revenue, including subsidiaries Incom and HS Security, reached 7.6 billion won, a 44% increase from the same period last year. Operating profit stood at 800 million won, representing a 1.5 billion won improvement in operating profit compared to the previous year.
For the first half of the year, the company reported standalone revenue of 8.7 billion won and an operating loss of 200 million won. Compared to the same period last year, the operating loss narrowed from 1.6 billion won to 200 million won this year, bringing the company close to the break-even point (BEP). On a consolidated basis, first-half revenue reached 11.1 billion won, a 17.4% increase year-over-year.
This rebound in performance was driven by new solutions—including CDS, integrated access control, password management, SSL visibility, and one-way transmission—launched through sustained investment in research and development (R&D). Additionally, the virtualization division acquired through an asset transfer last year contributed to the increase in consolidated revenue, while Incom’s electronic fax division also recorded revenue exceeding the break-even point, helping to restore profitability.
Hanssak Co., Ltd. has been restructuring its business over the past few years to focus on network, system, and data security, as well as AI solutions. The company believes the effects of this portfolio diversification are now beginning to be fully reflected in its financial results.
In the second half of the year, the company will accelerate revenue growth by focusing on new solutions and policy-driven demand. First, based on the security certification and registration with the Public Procurement Service for its SSL visibility solution, “BlueKeen VA,” HanSsak plans to strengthen its penetration of the public and financial sectors. As the number of customers has been steadily increasing since its launch, the solution is expected to be a key contributor to revenue in the second half.
The company also views the transition to the National Network Security Framework (N2SF), led by the National Intelligence Service, as a new business opportunity. Hanssak Co., Ltd. intends to enhance its key security solutions to meet N2SF requirements and capitalize on the associated demand.
The company is also working to secure next-generation security technologies. In preparation for the commercialization of quantum computers, it is applying relevant technologies to its solutions in line with domestic standardization trends for post-quantum cryptography (PQC), and is expanding the scope of its security technologies to include artificial intelligence (AI) and cloud environments.
Given that sales in the second half of the year have accounted for approximately 60–70% of annual revenue over the past few years, Hanssak Co., Ltd. plans to focus on achieving its annual targets through the supply of new solutions and securing orders for existing business. The company expects to exceed the break-even point on a consolidated basis, even after factoring in the anticipated costs associated with annual business investments by its two subsidiaries.
Lee Ju-do, CEO of Hanssak Co., Ltd., stated, “Since our KOSDAQ listing, we have expanded R&D investments to secure future growth engines, and we successfully returned to profitability in the second quarter as the results of our diversified security solution portfolio were reflected in our financial performance.” He added, “In the second half of the year, when revenue is typically concentrated, we will strengthen our competitiveness in next-generation security fields such as PQC, AI, and cloud computing to maintain this profitable trend.”
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