WAVUS Signs 7.2 Billion Won IT Maintenance Contract with National Health Insurance Service, Securing Stable Revenue Stream Equivalent to 5% of Annual Sales

WAVUS signed a contract with the National Health Insurance Service for the 2026 Information System Integrated Maintenance Service project, with a total contract value of KRW 7.19 billion (excluding VAT), equivalent to 10.24% of its 2025 consolidated revenue (KRW 70.2 billion).
The contract is executed through a consortium, with WAVUS's share being 15% of the total contract, implying an actual contract amount of approximately KRW 1.08 billion.
The contract period is two years from June 2026 to May 2028, with payments settled on a pro-rata basis from the service start date.
The counterparty, National Health Insurance Service, is a stable public institution with annual revenue of KRW 1,319 trillion, indicating low contract fulfillment risk.
[AI Comprehensive Analysis]This contract contributes to WAVUS's expansion in the public sector and strengthens its stable revenue base, but its proportion of total revenue is around 10%, limiting short-term stock price impact. Considering the actual revenue contribution from the consortium participation, it is somewhat insufficient as a mid-to-long-term growth driver.