Hancom Reports Operating Profit of 40.3 Billion KRW Last Year, Up 18.2% YoY

Cloud-Based SaaS Business Drives Growth
Cash Dividend of 410 KRW Per Share Approved

Hancom announced on the 24th that it recorded consolidated sales of 304.8 billion KRW and operating profit of 40.3 billion KRW last year, growing by 12.4% and 18.2% respectively.

On a separate basis, it reported sales of 157.1 billion KRW and operating profit of 49.7 billion KRW through internal settlement-based performance disclosure. These figures represent increases of 24.2% and 20.6% compared to the same period last year.

According to Hancom, the growth of the cloud-based SaaS (Software as a Service) business was the key driver that boosted the separate sales growth rate by nearly 25%. For the past two years, Hancom has been focusing on expanding its cloud SaaS business centered on web-based products such as 'Web Gigan-gi' and 'Web Hangeul'. In particular, as a result of proactively responding to the digital transformation in the public sector, the sales proportion of the cloud SaaS business on a separate basis expanded from 9.3% in 2023 to 27% in 2024.

In the AI product lineup, despite increased investment costs including numerous PoCs (Proof of Concept) with enterprises and public institutions, research and development, and TV advertising campaigns, Hancom recorded a profitability with an operating profit margin of 31.2% on a separate basis. Hancom plans to continue focusing on generating tangible AI business results for public and corporate customers this year as well.

Meanwhile, Hancom decided on a cash dividend of 410 KRW per share according to its three-year dividend policy. The dividend will be paid after final approval at the shareholders' meeting scheduled for March.