Polaris Office Reports Cumulative Q3 Revenue of 196.6 Billion KRW, "213% Growth YoY"

Polaris Office announced on the 15th that its consolidated cumulative operating profit for the third quarter of this year reached 9.2 billion KRW, a 72% increase compared to the same period last year. During the same period, sales grew by 213% year-on-year to 196.6 billion KRW.

Additionally, the consolidated sales for the third quarter increased by 52% year-on-year to 75.8 billion KRW, with operating profit and net profit reaching 3.2 billion KRW and 4.3 billion KRW, respectively. From the second quarter, performance improved due to external growth effects from the consolidation of Polaris AI and Polaris AI Pharma. Total assets rose 71% from the end of last year to 542.1 billion KRW, and total equity increased 77% to 455.9 billion KRW.

Based on individual financial statements, operating profit increased by 92.32% compared to the same period last year. The main reasons are the rise in ARPPU (average revenue per paying user) driven by AI sales from the company’s flagship subscription solution, ‘Polaris Office Cloud,’ and improved profitability in the B2B and collaboration solution businesses.

Looking ahead, Polaris Office also expects expansion of its cloud-based ‘Polaris Office AI Business.’ Recently, as domestic companies plan to adopt cloud and AI technologies, document solutions are undergoing changes. Polaris Office has already been recognized for its stability and technological capabilities as a cloud service used by 130 million global users over the past 10 years.

A Polaris Office representative stated, “We are focusing on increasing sales and securing sustainable growth engines through document solutions based on globally proven AI and cloud technologies,” adding, “As many companies are expected to actively adopt AI by 2025, Polaris Office will strive to ensure smooth AI integration across various industries.”