S NET Signs 25.9 Billion KRW AI Computing Resource Supply Contract - Revenue Growth Expected

S NET has signed a contract with CeLab to supply NVIDIA Enterprise software for the AI computing resource utilization enhancement project.
The contract value is 25,923,810,000 KRW, representing 5.67% of 2025 consolidated revenue, with the contract period from July 20, 2026 to March 31, 2027.
Payment terms require 50% advance, 30% interim, and 20% final payment, leading to expected upfront cash inflow, but the transaction does not involve any capital change or shareholder dilution.
[AI Summary]This contract reflects S NET's strategic response to growing AI infrastructure demand, which is positive for revenue stability. However, the contract size is limited to 5.67% of total revenue and may take time to convert into a sustainable growth driver, resulting in a neutral short-term stock price impact.