Obzen Achieves Operating Profit in First Half, Enters Full-Fledged Growth Trajectory Based on Profitability

AI data platform specialist Obzen announced on the 14th that it has posted a profit for two consecutive quarters, following a profitable first quarter this year.

According to a disclosure on the Financial Supervisory Service’s electronic disclosure system, Obzen recorded cumulative sales of 11.5 billion KRW in the first half of this year, representing a 92% increase compared to the same period last year. Operating profit reached 800 million KRW, up about 700 million KRW from the previous quarter, marking a turnaround from a 3.6 billion KRW operating loss in the same period last year and improving by 4.4 billion KRW.

Until last year, Obzen had posted losses due to aggressive R&D investments exceeding 20% of sales. However, increased product license sales have improved profitability, and the company has secured a series of large-scale projects from Samsung Monimo, KB Securities, and IBK Industrial Bank, which are believed to have driven sales growth in the first half of this year.

Obzen's performance stands in stark contrast to other listed companies in the AI sector, which continue to struggle with both sales and operating profit. By posting a profit in the second quarter, following the first, Obzen appears to have firmly entered a trajectory of growth based on solid financial results.

Having established a unique competitive edge in marketing automation, Obzen has expanded its solutions to cover the entire process of data collection, processing, and analysis. Leveraging its proprietary technology, the company has solidified its position as the only domestic provider of an integrated customer management solution.

Obzen is expected to maintain its growth momentum in the second half of the year. In particular, as data-driven customer marketing becomes a "megatrend" in the financial sector, Obzen’s technology and services are emerging as an essential choice for many financial clients, raising expectations for second-half results.

An Obzen representative stated, "We expect continued demand for customer data platforms in the financial and retail industries in the second half, supporting robust growth. In particular, we will focus all our efforts on achieving business results based on AI agent technology in the latter half of the year."

Meanwhile, the company's first-half results reflected a temporary derivative loss due to the fair value assessment of convertible bonds. However, this is a non-operating factor resulting from accounting valuation, with no actual cash outflow. The company explained, "This is a temporary accounting treatment unrelated to operating activities and does not affect the company’s fundamentals."