KICA Q1 Operating Profit Up 45% on Strong Advertising Business

Consolidated revenue KRW 35.6bn (+5.7% YoY), operating profit KRW 9.1bn (+45.4%), net profit KRW 7.2bn (-43.9%)
Advertising segment (Wisebirds) revenue KRW 11.8bn (+40%), operating profit KRW 2.9bn (turned positive)
Certification/Security segment revenue KRW 22.1bn (-7.6%), operating profit KRW 6.0bn (+13.6%)
Cash and equivalents KRW 55.0bn (up from KRW 27.9bn at year-end)
Virtual asset (FNCY) impairment loss of KRW 17mn, book value KRW 5.7mn
Borrowings increased: current portion of long-term debt KRW 15.8bn, non-current KRW 14.0bn
Convertible bonds outstanding KRW 30.5bn (current KRW 29.1bn)
R&D: Developing quantum-resistant cryptography-based PKI infrastructure