iCRAFT Signs 104 Billion KRW AI Storage Supply Contract with Naver Cloud, Representing 50% of Sales
iCRAFT has entered into a contract with Naver Cloud to supply high-performance AI storage for NIPA in 2026. The contract value is 104 billion KRW, representing 50.36% of its 2025 consolidated revenue of 206.5 billion KRW, marking a major order.
Favorable payment terms include an advance payment of 50%, interim payment of 31.31%, and final payment of 18.69%, positively impacting initial cash flow.
The contract runs from July 2026 to March 2027, ensuring stable revenue contribution in that period.
[AI Summary]This contract validates iCRAFT's competitiveness in AI storage and secures near-term revenue growth. However, reliance on a single large contract highlights the need for order diversification. The counterparty is Naver Cloud with high creditworthiness, keeping risk low.