Fasoo AI has successfully turned a profit in the second quarter of this year, driven by the expansion of its artificial intelligence (AI) business and increased demand for data protection and software (SW) supply chain security.
In a disclosure on July 31, Fasoo AI reported consolidated revenue of 13.128 billion won and an operating profit of 1.06 billion won for the second quarter. This represents a 22.7% increase in revenue compared to the same period last year, and a turnaround from an operating loss of 939 million won in the second quarter of last year. The company also reported a net profit for the period.
For the first half of the year, cumulative revenue reached 22.133 billion won, up 15.7% from the previous year. During the same period, the cumulative operating loss was 1.011 billion won.
Fasoo AI attributed its improved performance to the ongoing expansion of its AI transformation (AX) platform and related AI initiatives. The rise in cyberattacks has heightened the demand for data protection, particularly among key industries such as semiconductors, defense, and shipbuilding, which have seen increased revenue.
Additionally, the growing importance of software bill of materials (SBOM) in supply chain security has positively impacted the business of its application security subsidiary, Sparrow.
The company anticipates that the factors driving its first-half performance will continue into the second half. With a significant increase in its order backlog compared to the previous year and the nature of its business, which sees revenue concentrated in the latter half of the year, Fasoo AI expects to achieve double-digit revenue growth for the full year.
Efforts to enhance corporate and shareholder value are ongoing. Last June, Fasoo AI announced a 'Corporate Value Enhancement Plan' with a goal of achieving an average annual revenue growth rate of 20%, an operating profit margin of 25%, and a shareholder return rate of 30% by 2030.
The company disclosed its decision to repurchase shares at the end of June 2026 and plans to continue strengthening its fundamentals while enhancing shareholder value.
* This article has been translated by AI.
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