1. iQuest’s Impressive H1 2025 Performance: What Happened?
iQuest achieved consolidated revenue of KRW 20.344 billion and operating profit of KRW 2.066 billion in H1 2025, representing year-over-year growth of 12.6% and 74.4%, respectively. Its core SaaS-based ERP solution (‘Eolmaeyo’) and subsidiary DeFocus’s IT consulting business maintained robust growth, driving the overall performance.
2. Unveiling the Growth Drivers: Key Factors Behind the Success
iQuest’s growth can be attributed to its stable ERP business, expanding IT consulting services, and strategic investments in AI for future growth. Notably, the synergy with DeFocus has accelerated AI and HR solution development, while its foray into fintech is diversifying its business portfolio.
3. The Other Side of the Coin: Investment Risks to Consider
While the KRW 46.5 billion investment in tangible assets for AI expansion offers long-term growth potential, it has also increased the debt-to-equity ratio to 68.07%. The intensifying competition in the ERP market and fluctuations in exchange rates and interest rates are also key risk factors for investors.
4. Investor Action Plan: Is iQuest a Good Investment?
iQuest presents both growth opportunities and financial risks. Investors should carefully evaluate the concrete results and monetization strategy of the AI business, debt repayment plan, and competitive landscape before making investment decisions.