Danal, a company specializing in integrated payment business, announced on the 27th that on a consolidated basis it posted revenue of 225.9 billion won and operating profit of 2.4 billion won last year.
Revenue declined slightly compared with 2024, but operating profit increased by about 70% as the company reshaped its business with a focus on profitability, despite higher costs for R&D in new businesses and investments in affiliates. As for the net loss, the portion of convertible bonds (CB) that had not yet been converted was recognized as a derivative valuation loss due to an increase in corporate value (share price), and was therefore booked as an accounting loss. Since most of the remaining CBs have been converted into shares, the company expects a turnaround in earnings this year.
Danal is focusing on expanding new businesses based on its core competitive edge in payment infrastructure. The foreigner prepaid card "K.ONDA (Konda)" is the industry’s first all-in-one service that allows online shopping, food delivery, and public transportation payments with only passport verification. It offers integrated services including kiosk-based issuance and top-up, ATM cash withdrawal, and transportation card functions, and is expected to become an essential means of payment for foreigners visiting Korea in general, including tourists, international students, and workers. In the first half of the year, the company also plans to launch a prepaid USIM service targeting foreigners to create business synergies.
The stablecoin financial service, which has completed preparations for commercialization, is working to expand its ecosystem through cooperation and councils with commercial banks to ensure stable business implementation. After successfully completing a bank-linked global remittance proof of concept (PoC) and additionally discussing the introduction of local payment services aimed at revitalizing regional economies, the company plans to preemptively launch online and offline payment and remittance models that meet regulatory guidelines and user needs after the relevant laws are enacted, thereby solidifying its position as a market leader.
Affiliate Danal Entertainment is further accelerating its "enter-tech" business this year, which combines content, IP, and platforms, building on last year’s achievements such as selling out all seats for a full-member concert by the national group god and expanding IP business with domestic and overseas artists. In addition, Danal F&B and Bit Corporation are each speeding up their strategies to open 100 new Dal.Komm.N stores within this year and to expand the robot coffee brand "bit" unmanned AI complex stores nationwide, respectively, and are expected to achieve independent profit growth within the year.
A Danal official said, "Last year, we built a solid internal foundation through intensive restructuring and profit-oriented management," adding, "This year, we will pursue a full-fledged leap in performance by successfully establishing our new foreigner-only platform and stablecoin businesses in the market and by strengthening business competitiveness at each affiliate."
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