Hancom Q3 revenue rises 9.5% as AI drives growth

Hancom reported third-quarter consolidated revenue of 92.0 billion won and operating profit of 9.2 billion won, according to techm.kr. Revenue rose 9.5% year on year, while operating profit fell 25.5%, leaving an operating margin of 10.0%.

On a separate basis, the company posted revenue of 48.3 billion won and operating profit of 9.7 billion won, with revenue up 9.6% and operating profit down 21.0% compared with a year earlier.

AI revenue for the quarter stood at 14.8 billion won. New business revenue including AI reached 30.9 billion won, up 67.2% year on year and equal to 64.1% of total revenue. Hancom CEO Kim Yeon-soo said the third quarter confirmed AI as the company's growth axis, with AI exceeding 30% of revenue.

US launch and next steps

Hancom said it plans to officially launch its Nomadian product in the US in March next year. The company also said it will disclose its corporate value enhancement plan in the fourth quarter.

The results follow a run of AI partnerships this year. In July, Hancom supplied Hancom Assistant to Korea Hydro & Nuclear Power's in-house AI platform Hinuri; in August it signed a memorandum of understanding with Namyang Dairy Products for a proof of concept of an agentic OS; and in September it agreed with FuriosaAI and Hancom Innostream to jointly develop an NPU-based on-premise AX appliance.

Cumulative AI revenue for the first three quarters of the year reached 28.3 billion won. Hancom divested stakes in affiliates Hancom Inspace, Thinkfree and MadX Company this year, and at the end of the third quarter held cash and cash equivalents of 121.9 billion won on a separate basis and 181.5 billion won on a consolidated basis.